{"id":329961,"date":"2010-02-17T00:02:00","date_gmt":"2010-02-17T05:02:00","guid":{"rendered":"http:\/\/www.businessinsider.com\/the-illusion-of-japanese-gdp-growth-2010-2"},"modified":"2010-02-17T00:02:00","modified_gmt":"2010-02-17T05:02:00","slug":"the-illusion-of-japanese-gdp-growth","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/329961","title":{"rendered":"The Illusion Of Japanese GDP Growth"},"content":{"rendered":"<div style=\"float: left; padding: 15px 15px 15px 0;\">\n<script type=\"text\/javascript\">\/\/ <![CDATA[\ntweetmeme_source = 'moneygame'; tweetmeme_service = 'bit.ly';\n\/\/ ]]><\/script><br \/>\n<script src=\"http:\/\/tweetmeme.com\/i\/scripts\/button.js\" type=\"text\/javascript\"><\/script>\n<\/div>\n<p>Japanese GDP came in at an eye-popping 4.6% annualized rate for the fourth quarter of 2009, but the number could be meaningless.<\/p>\n<p>That&#8217;s because, previously, annualized GDP growth was initially reported as 4.8% for the third quarter of 2009, only to be completely revised down to nothing.<\/p>\n<p><a href=\"http:\/\/econompicdata.blogspot.com\/2010\/02\/japans-economy-grows-or-does-it.html\">Econompic:<\/a><\/p>\n<p style=\"padding-left: 30px;\">Now it appears that 4.8% growth never happened.<\/p>\n<p style=\"padding-left: 30px;\">Tokyo has come under increasing pressure to address wild variations in its readings of gross domestic product: In the third quarter last year, the government initially said the economy had grown a robust 4.8 percent, only to revise that rate down to reflect no growth or decline. The latest numbers, the government says, have been adjusted for more accuracy.<\/p>\n<p style=\"padding-left: 30px;\"><img decoding=\"async\" src=\"http:\/\/static.businessinsider.com\/image\/4b7b7325000000000091075b-550-\/chart.png\" border=\"0\" alt=\"Chart\" width=\"550\" \/><\/p>\n<p>Thus one can have little faith in the fourth quarter GDP number given past revisions. Also, it should be noted that Japanese <em>nominal<\/em> GDP only rose at a 0.9% annualized basis during the fourth quarter. This means that most of the apparent growth was the result of a deflation adjustment, which is an easy item to revise away upon future revisions for the 4Q data set. Here&#8217;s the full Japanese GDP release below, <a href=\"http:\/\/www.esri.cao.go.jp\/en\/sna\/qe094\/gdemenu_ea.html\">from here<\/a>.<\/p>\n<p><em>Add my twitter for a hand-picked stream of posts like this: @vincefernando<\/em><\/p>\n<p><a href=\"http:\/\/www.scribd.com\/doc\/26977324\/JapanGDP4Q2009\" title=\"View JapanGDP4Q2009 on Scribd\">JapanGDP4Q2009<\/a><br \/>\n<object id=\"doc_867283140794138\" style=\"outline: none;\" width=\"100%\" height=\"600\" name=\"doc_867283140794138\" type=\"application\/x-shockwave-flash\" data=\"http:\/\/d1.scribdassets.com\/ScribdViewer.swf\"><param name=\"movie\" value=\"http:\/\/d1.scribdassets.com\/ScribdViewer.swf\" \/><param name=\"wmode\" value=\"opaque\" \/><param name=\"bgcolor\" value=\"#ffffff\" \/><param name=\"allowFullScreen\" value=\"true\" \/><param name=\"allowScriptAccess\" value=\"always\" \/><param name=\"FlashVars\" value=\"document_id=26977324&amp;access_key=key-12pdb12znpkn6mxikrjy&amp;page=1&amp;viewMode=list\" \/><embed id=\"doc_867283140794138\" type=\"application\/x-shockwave-flash\" width=\"100%\" height=\"600\" src=\"http:\/\/d1.scribdassets.com\/ScribdViewer.swf?document_id=26977324&amp;access_key=key-12pdb12znpkn6mxikrjy&amp;page=1&amp;viewMode=list\" name=\"doc_867283140794138\" allowscriptaccess=\"always\" allowfullscreen=\"true\" wmode=\"opaque\" bgcolor=\"#ffffff\"><\/embed><\/object>\n<\/p>\n<p><a href=\"http:\/\/www.businessinsider.com\/the-illusion-of-japanese-gdp-growth-2010-2#comments\">Join the conversation about this story &#187;<\/a><\/p>\n<p><b>See Also:<\/b><\/p>\n<ul>\n<li><a href=\"http:\/\/www.businessinsider.com\/asian-markets-tumble-follow-through-on-us-slide-2010-1\">Asian Markets Tumble, Follow Through On US Slide<\/a><\/li>\n<li><a href=\"http:\/\/www.businessinsider.com\/why-asia-makes-the-west-look-like-the-stone-age-2009-12\">How Asia Makes The U.S. Look Like A Third World Country<\/a><\/li>\n<li><a href=\"http:\/\/www.businessinsider.com\/japan-2010-2\">Japanese GDP Soars<\/a><\/li>\n<\/ul>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~r\/TheMoneyGame\/~4\/t-rtWKx1NOg\" height=\"1\" width=\"1\"\/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Japanese GDP came in at an eye-popping 4.6% annualized rate for the fourth quarter of 2009, but the number could be meaningless. That&#8217;s because, previously, annualized GDP growth was initially reported as 4.8% for the third quarter of 2009, only to be completely revised down to nothing. Econompic: Now it appears that 4.8% growth never [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-329961","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/329961","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=329961"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/329961\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=329961"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=329961"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=329961"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}