Further Proof Japan Rising Again
March 23, 2006, 12:09 pm |
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By Andrew L. Jaffee
Japan’s exports were healthy even during its 10-year recession, but a truly healthy economy cannot survive on exports alone. Japan’s domestic economy is back, largely due to the reforms pushed through by Prime Minister Junichiro Koizumi. From Bloomberg:
Japan’s trade surplus narrowed in February as oil prices and domestic demand caused a surge in imports. Export growth accelerated after a holiday in January caused a slump in demand.
The surplus narrowed 11.8 percent to 955.7 billion yen ($8.2 billion) compared with a 1.09 trillion yen surplus a year earlier, the Ministry of Finance said in Tokyo today. Economists surveyed by Bloomberg News expected the surplus to shrink 2.6 percent to 1.06 trillion yen.
Increased appetite for imported goods by consumers and companies is driving growth in Japan’s economy, which expanded at its fastest pace in five years in 2005. Sustained domestic and overseas demand for electronics and automobiles will bolster growth this year, fueling the nation’s longest postwar expansion.
And people laughed at me for investing in Japan throughout its recession. Buy low; sell high. And please don’t day-trade.
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Categories, Tags: Economy, Japan
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June 29th, 2006 at 3:53 pm
“And people laughed at me for investing in Japan throughout its recession. Buy low; sell high. And please don’t day-trade.”
I only wish that I was so ’smartz’ but I did catch gold at the right price.
June 29th, 2006 at 4:23 pm
I’ve learned my investing lessons the hard way — which is probably best, as I’m a better investor now. But losing money… oy.