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Japan's economy is in technical recession after gross domestic product (GDP)
shrank in the third quarter, defying expectations for growth and
paving the way for Prime Minister Shinzo Abe to delay a second sales tax hike.
The world's third-largest economy contracted an annualized 1.6 percent in
the July-September quarter, data showed on Monday, compared with a
Reuters forecast for a 2.1 percent gain. The economy contracted a
revised 7.3 percent in the second quarter.
An anonymous reader writes Japan has now put 100 passengers on a Maglev train doing over 500kph. That's well over twice as fast as the fastest U.S. train can manage, and that only manages 240kph on small sections of its route. The Japanese Shinkansen is now running over 7 times times as fast as the...
and the blue/white LED was a huge innovation for the world
the problem is their high wages, pensions, pork barrel politics etc. were granted when they were a booming economy
and need to be wound back now they have been undercut by other economies
but as a democracy
they are finding the voters won't vote to cut their own 'entitlements
this is a problem all democracies are starting to run into
Japan is a fantastic place to visit.
Highly recommend going there - make it a long holiday.
They could export their knowledge on how to cook food to the rest of the world (especially how to do cheap takeaways).
The three most harmful addictions are heroin, carbohydrates and a monthly salary - Fred Wilson.
Japan is to vastly expand its Antarctic whaling area, and take 333 minke whales, under a scientific research plan to replace the program ruled illegal at New Zealand's request.
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