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Japan's GDP grew 1.4% annualized in Q2, sharply below Q1's 5.5% and well short of the 2.3%...

Japan's GDP grew 1.4% annualized in Q2, sharply below Q1's 5.5% and well short of the 2.3% forecast. The strong yen - cruising near an all-time high vs. the greenback for much of the last year (and hitting record highs vs. the euro) - gets plenty of ink, but demographic math is surely working against speedy growth. The Nikkei is flat.
Comments (4)
  • Long Depends....you know....for the old people.
    12 Aug 2012, 10:53 PM Reply Like
  • With the insane yen valuation, Japan's exports will continue suffering the next quarters.
    13 Aug 2012, 05:35 AM Reply Like
  • Japan does not only have a currency issue, they also have a massive debt and demographic issue and on top of that deflationary issues for many years (where the strong Yen plays no small part).

     

    Definitely not a safe haven - even if many currency traders think so. I wouldn't touch Yen with a ten foot pole.
    13 Aug 2012, 06:34 AM Reply Like
  • They should open up their immigration doors...
    13 Aug 2012, 05:55 AM Reply Like
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