Japan's GDP marks sharpest drop since 2011

[INDIC]

From your answer i can conclude the following, you formed your opinion based on your own experience and some of your fellow Indians. What you failed here miserably in your critique of Chinese brands is India is not the West, thus you have no real data of Western countries avoiding Chinese brands. Second what Chinese products do you use over there? If it's everywhere in India and it keeps failing why continue to buy Chinese products? Are all these products labeled with made in China but avoid attaching Chinese brand names on them? To me your prejudice is unfounded, there are rubbish to good quality Chinese products. In EU Chinese brands are more than welcome Lenovo/Huawei/Oppo/Xiaomi/Jiayu

Not, I have also found people from Western countries having similar opinions like me.

 

[kawaraj]

It's a correction from spending frenzy last quarter.

I may have different opinion to Abe's political agenda I support his plan for economics. Deflation has been haunting Japan for two decade and it's time for a change. Zero kinri is such a boring thing.

 

[ghoul]

Stagnation forever。

Japan isn't going anywhere till it finds a way to rectify the problem of population aging。

It will need immigrants for that.

 

[kawaraj]

Not, I have also found people from Western countries having similar opinions like me.

I don't share your views. China will eventually be the technology terminator just as they do in manufacturing. They have huge RD base in all fields and the largest talents pool. I project they will close the gap with the US in 10 years.

Branding is nothing comparing to technology capabilities. I only know a few Chinese brands and they are as trustworthy as Japanese brands. Lenovo, Huawei,Haier, Alibaba, Wechat and Mi? Korean brands, no....

Chinese High Speedo Rail is a no say. Cool and admirable.

 

[Obambam]

Give China 10 years or so more and you will see something similar to the Japan of the 80's-90's. Except, this time we will be many folds stronger since we mine our own rare earth minerals. We will be able to do a fair bit of undercutting our rivals. They of course will have to retain certain profit margins to make producing electronic or mechanical goods worthwhile. Or risk poor sales leading up to possible risks of bankruptcy.

It will be interesting looking back in ten years time to see how much we have improved as a nation.

Japan is a smart nation, but they are rapidly losing time. China is a huge and will be a massive market for anyone who can find ways to tap into its population. But from what we have seen Abe do over the course of recent months, it was nothing but harm and further isolating the two nations and its peoples.

It's Japan's to lose but the South Koreans to gain.

 

[BuddhaPalm]

Japan is not even self-sufficient in food. A Chinese naval blockade means a significant percentage of Japanese literally starve to death.

 

[Edison Chen]

Japan is still shrinking. They still linger over the past "30 years".

 

[terranMarine]

Japan has been steadily declining for decades, it comes as no surprise Abenomics is not the antidote Japan was praying for to cure a long prolonged ill nation. No natural resources, fast aging population, enormous competition coming from East Asia and America, bad relation with China and South Korea will hurt Japanese economy even further. Fukushima certainly contributed a lot to the damage as Japan had no choice but to put nuclear energy on hold. German companies benefited the Diaoyu dispute while Japanese competitors suffered loses. Tourism took a dive too at the beginning and is still recovering from it. When Japan isn't competitive enough China, South Korea and America will just take a large chunk of the market.

Two years ago Vietcongs, Indians and other anti China members were laughing at us after Japan made a move on the purchase of the island. China needed Japan more than vice versa, Chinese factory workers would be out of jobs thus riots spawn everywhere. The prediction didn't turn out the way they had hoped and those noises died along with them. Just look at the Vietcongs still clinging on Japan's GDP is still higher than China. No matter how you look at it, Japan continuous sliding trend won't be reversed so easily. In fact it will speed up as Japan foolishly wish to contain China.

 

[Edison Chen]

China has a lot lesser per capita GDP compare to Japan.



China has a lot lesser per capita financial compare to Japan.



China has a lot lesser per capita consumption compare to Japan.




Japan spend much more than china in proportion to the area they have to protect.



Japan has much more modern military compare to China.

Yes, we have 1.4 billion people, do you know how difficult it is to become a hign income nation? How about triple this number in 10 years? Your GDP per capital is not eligible to be shown on this chart.

 

[Chinese-Dragon]

China has a lot lesser per capita GDP compare to Japan.

And thus our enormous potential for growth.

Developed countries (including those in East Asia), once they have become rich, their fast pace of growth always ends.

Chinese societies have proven to be able to reach very high per capita levels, such as in Hong Kong SAR, Macau and Singapore (all Chinese majority).

So there is no doubt that the Mainland can reach a very high per capita income on the future, meeting or even exceeding these examples.

And once that happens, our total GDP will be so high that no one else will have a chance to reach us. And a defence budget of only 3-4% of GDP will give us a defence budget in the trillions.

Whereas no Indian or South Asian majority country has proven itself to be able to reach a "rich developed" per capita level. Sri Lanka may be the first, but that is many decades away.

 

[Genesis]

And thus our enormous potential for growth.

Developed countries (including those in East Asia), once they have become rich, their fast pace of growth always ends.

Chinese societies have proven to be able to reach very high per capita levels, such as in Hong Kong SAR, Macau and Singapore (all Chinese majority).

So there is no doubt that the Mainland can reach a very high per capita income on the future, meeting or even exceeding these examples.

And once that happens, our total GDP will be so high that no one else will have a chance to reach us. And a defence budget of only 3-4% of GDP will give us a defence budget in the trillions.

Whereas no Indian or South Asian majority country has proven itself to be able to reach a "rich developed" per capita level. Sri Lanka may be the first, but that is many decades away.

India could reach it, but the question is can the world stomach two such powers? The answer at the moment is not really. India has used up it's easy growth in developing its service sector.

Service sector competes in the smarter and more able of the population while industry uses the lower. So while we have been developing our less competitive population, they have more or less ignored them.

So the question today is can India do the same, the answer is obviously yes, but not as rapidly as China, WHEN China is still a force in that sector.


BTW, hate these discussions, I want Japan to be strong, so when we crush them, they have no excuse. No our economy was shrinking, no we had a pacifist policies, and stuff like that. I want them to be at their best, so when they lose, they would pose no further challenge.

 

[tranquilium]

A trade pact that the US forces upon Japan would cause widespread antagonism toward the government as such a pact would first target Japan's remaining industrial strongholds such as agribusiness and automobile. Maybe that would prompt them to vote in someone like Hatoyama.

Improve Japanese economy basic means improving relationship with China and if you improve relationship with China, then you are not going to be able to stay in the office. Such is the curse of semi-colonies and it is the proverbial rock and hard place.

 

[Chinese-Dragon]

India could reach it, but the question is can the world stomach two such powers? The answer at the moment is not really. India has used up it's easy growth in developing its service sector.

Service sector competes in the smarter and more able of the population while industry uses the lower. So while we have been developing our less competitive population, they have more or less ignored them.

So the question today is can India do the same, the answer is obviously yes, but not as rapidly as China, WHEN China is still a force in that sector.

India tried to "skip" the industrialization stage, straight into a services-based economy.

This simply will NOT work in any country with a large population. And history has shown this, all large developed economies went through an industrialization stage during their development.

Industrialization provides millions of low paid jobs, it's the only thing that can provide mass low level employment to hundreds of millions of people.

It also promotes the creation of an efficient infrastructure network, and the building of a national manufacturing base, which is necessary for manufacturing to be competitive.

Importantly, it also encourages large scale urbanization, which is another vital aspect of development (since it allows infrastructure to serve more people at once, in densely populated cities).

Industrialization is absolutely necessary for any large country to become a developed economy, it's a stage that cannot be skipped.

Even India is finally realizing this, and they are now making a massive push for large scale manufacturing infrastructure. However, it is too late now, they should have started decades ago, since that's how long it takes to set up a national manufacturing base.

From the latest numbers, Indian manufacturing growth has actually been shrinking. You can't suddenly become competitive overnight, China has been building a national manufacturing base for decades.

 

[dlclong]

Brilliant news. Anytime our enemies weaken is great news for China. I'm not one of those that goes around celebrating the success of our enemies. US, Japan, India, Vietnam, Philippines are the enemies of China.

Japan is a dead country.
Here is why:

Their economy has been dead for 25 years.
Their economy is still shrinking despite 0% interest rates for 25 years, unlimited money printing and multiple stimulus packages.
They have the highest debt to GDP % in the world and getting worse.
Their big corporations are losing money and going bankrupt due to Chinese and Korean competition.
Their industrial base has been decimated.
Their population is the world's oldest.
Their population is shrinking.
They have no independent foreign policy.
They are a mere colony of the West.
Their technology is becoming outdated.
Their military is full of outdated junk.
Their country is full of nuclear radiation.
They are being overtaken by China in all areas.

Japan is fast becoming irrelevant in the world and the Japanese spirit has been well and truly crushed.
The Japanese regime sees all the things I'm saying which is why the Abe regime is becoming belligerent and militaristic.
Japan is now going rogue as it knows it has nothing to lose.

The spine of Japan has been dismantled which has made it a dead country.

This time should prevent Japan, transfer internal contradictions, revival militarism, conflict turned to other countries in East Asia

 

[Kyle Sun]

Japan is like a rich man, living in a french villa, eating chinese food and having a japanese obedient wife
even if his wealth does not grow as fast as in the past, he is ways richer than chinese pal.

Agree.