Disaster takes toll on Japan’s economy
By Mure Dickie in Shimokita, Aomori Prefecture
Japan’s devastating earthquake and tsunami pushed the economy much further into recession than expected, raising doubts about the prospects for the world’s third-largest economy.
According to preliminary data released on Thursday, gross domestic product fell 0.9 per cent in the first quarter of this year compared with the previous three months. That was nearly twice the decline forecast by economists.
Kaoru Yosano, minister for economics and fiscal policy, said that the March 11 disaster had been the main reason for the fall in output, and insisted that growth would soon return. “The Japanese economy has a great deal of resiliency,” Mr Yosano said.
However, the extent of the first-quarter fall – equivalent to a 3.7 per cent decline on an annualised basis – underscores the scale of the disruption caused by the natural disaster and resulting nuclear crisis at the Fukushima Daiichi power plant.
Japan’s economy has now contracted for two quarters in a row, meeting the most widely used definition of a recession.
Government statisticians now say that output fell 0.8 per cent quarter-on-quarter in the last three months of 2010, a much sharper decline than the 0.3 per cent initially estimated. Preliminary estimates of Japanese GDP growth are often dramatically revised as more accurate data becomes available.
Frederic Neumann, economist at HSBC Global Research, said the fourth quarter revision suggested that even before the March 11 disaster, the economy’s underlying momentum “wasn’t as robust as widely thought”.
“The ground is slipping,” Mr Neumann wrote in a report.
However, Japan has seen some signs of recovery. The Reuters Tankan survey – a monthly measure of business sentiment modelled on the Bank of Japan’s own Tankan report – this week showed that the mood among manufacturers was improving.
There's a strange phenomenon that after Japan was defeated in world war 2, it still grew fast. In such a peace environment, it fails to get number 2 position in GDP in the world. And it suffers the earthquake and tsunami, further weakening its economy.
1,1
Before devastating earthquake and tsunami occurred, Japan was trying to get out of recession. But now, Japan's pillar industry was damaged,which pull down Japan's economy growth.
Follow 11 11
No matter what kind of forms is a innovation. Keep on~
"The Chrysanthemum and the Sword" had ever told us that Japanese is a nation with great personalities.
After the War II they could rebuilt their nation in 30 years. In those islands they could create so much spiritual wealth. Maybe we two countries were not so friendly. We have to acknowledge that Japan and her people create miracles again and again.
Frederic Neumann, economist at HSBC Global Research, said the fourth quarter revision suggested that even before the March 11 disaster, the economy’s underlying momentum “wasn’t as robust as widely thought
7次了.,呵呵
11,11
This disaster made Japanese economy into deeper recession. But considered into the pillar industries that were not influenced seriously by the disaster, in my view, Japanese economy will get its recovery soon. And its recovery is good to better east-asian economy development.
About Japan, it seems like, Japanese people work harder when they are facing problems, disasters or even failure. Like after World War II. So I am not sure about how long they will keep like this. I only hope that China, our country, could use this time to build our economy more strong.
2-2
The growth must slow down under the influnce of some force majeure such as the nature disaster or the war.However as to the third-largest economy ,Japan has the strength to have recovery soon,for it has more perfect relief system. Furthermore , Japan has the main business abroad.
11/11
Recently I take part in a lecture by YU Shiwei about Family Education. He says that Japanese parents teach their children by detail, and that is why Japanese products have high quality. He also points out that this country has great cohesion. In my opinion, Japanese economy will see its recovery fast though I don't like this country.
9,9
Japan has strong vitality. Although the natural disaster has a huge impact on Japanes economyics,but considering its well developed industries,in my opinion ,it will recovery soon.
11，11
Japan has meet with a catastrophe of devastating earthquake and tsunami which had an enormous bad effect on Japanese economy .
But as we known from the revised data , Japan has been under recession before the disaster .
However , Japan has seen some signs of recovery now .
I think it's a huge loss for Japan's economy , but it won't take long for Japan to revive .
We always hate Janpan , but we can also learn something from japanese .
And we also suffer a loss from the disaster , we shouldn't take pleasure in Japan's misfortune .
8,8
I'd like to translate following paragraphs:
Frederic Neumann, economist at HSBC Global Research, said the fourth quarter revision suggested that even before the March 11 disaster, the economy’s underlying momentum “wasn’t as robust as widely thought”.
汇丰银行国际研究部的经济学家Frederic Neumann说，四季度修正数据表明，在3月11日的灾难之前，经济动能就“已经不如广泛认知那样强劲”
“The ground is slipping,” Mr Neumann wrote in a report.
“基础已经不再稳固，”Neumann先生在报告中写道。
However, Japan has seen some signs of recovery. The Reuters Tankan survey – a monthly measure of business sentiment modelled on the Bank of Japan’s own Tankan report – this week showed that the mood among manufacturers was improving.
但是，日本也有一些复苏迹象。路透社短观调查——一个由基于日本银行短观调查模型的商业情绪月度测量——本周显示，制造业情绪有所改观。
Through this article I find a disadvantage of statistics: there are some many statistics that we don't know believe which one.
9,9
After Japan’s devastating earthquake, the central government has carried out loose monetary policy which had some effect to our country’s monetary policy. Be cautious about the inflation worldwide. The third largest economy has suffered a slow GDP growth for a long time. And this natural disaster makes it harder for Japan to recover its economy.
6,6 个人感觉还是这种形式好，lz辛苦啦~
It is no doubt that the devastating earthquzke and tsunami will make a decline in all aspects especially in economy, not only to Japan, even any country that suffers this catastrophe which could cause temporary loss but not deadly, As the report said , gross domestic product of the first -quarter has declined 0.9 percent in Japan, though nearly twice the decline expected, but to be justice and objective , i still believe the old saying" Tough get Going", ecpecially in a nation like Japan, The recovery will soon come.
9,9
This time the earthquake rocks Japan. There is no doubt that the 3.11 earthquake will impose a negative impact on Japan for at least 1 year. Compares with previous quarter, the GDP is dropped by 0.9 percent, that is pretty big. Shortly after the earthquake, the DC/DV market is witnessed with a surging price, for example the Nikkon D 7000 is priced over 10,000 RMB in the following month. But not long after, things are suddenly turn to normal. Thus here we may doubt our prevous estimate about Japan is too serious to the real situation. Japan, with its edge in sophiticated mechanics industry, shall go through this process and reborn.
Well, guess as human being, even a feud foe, may stand together and show sympathy in the face of natural diaster or catastrophy. It's in the nature of a human being.~~~ 10#bengdi1986
Japan’s devastating earthquake and tsunami pushed the economy much further into recession than expected, raising doubts about the prospects for the world’s third-largest economy.
According to preliminary data released on Thursday, gross domestic product fell 0.9 per cent in the first quarter of this year compared with the previous three months. That was nearly twice the decline forecast by economists.
Kaoru Yosano, minister for economics and fiscal policy, said that the March 11 disaster had been the main reason for the fall in output, and insisted that growth would soon return. “The Japanese economy has a great deal of resiliency,” Mr Yosano said.
However, the extent of the first-quarter fall – equivalent to a 3.7 per cent decline on an annualised basis – underscores the scale of the disruption caused by the natural disaster and resulting nuclear crisis at the Fukushima Daiichi power plant.
Japan’s economy has now contracted for two quarters in a row, meeting the most widely used definition of a recession.
Government statisticians now say that output fell 0.8 per cent quarter-on-quarter in the last three months of 2010, a much sharper decline than the 0.3 per cent initially estimated. Preliminary estimates of Japanese GDP growth are often dramatically revised as more accurate data becomes available.
Frederic Neumann, economist at HSBC Global Research, said the fourth quarter revision suggested that even before the March 11 disaster, the economy’s underlying momentum “wasn’t as robust as widely thought”.
“The ground is slipping,” Mr Neumann wrote in a report.
However, Japan has seen some signs of recovery. The Reuters Tankan survey – a monthly measure of business sentiment modelled on the Bank of Japan’s own Tankan report – this week showed that the mood among manufacturers was improving.
————————————————————————————————————————————————
10 6
We cannot get more information about why Japan is still in recession now, but what we can figure out is that this recession is not just caused by the March 11 disaster. Before the earthquake and the tsunami, Japan's underlying momentum “wasn’t as robust as widely thought”. Why can't Japan recover from the deep economic depression even after 30 years, which China who is in a similar ground of the former Japan should pay full attention to.
日本震后衰退程度超预期 [对照版]
Disaster takes toll on Japan’s economy
来源：FT中文网 2011-05-20
Japan’s devastating earthquake and tsunami pushed the economy much further into recession than expected, raising doubts about the prospects for the world’s third-largest economy.
日本毁灭性的地震与海啸将日本经济推入了比预期更深的衰退，引发了对世界第三大经济体前景的疑虑。
According to preliminary data released on Thursday, gross domestic product fell 0.9 per cent in the first quarter of this year compared with the previous three months. That was nearly twice the decline forecast by economists.
根据周四发布的初步数据，今年第一季度日本国内生产总值(GDP)环比下降0.9%，几乎是经济学家预测的降幅的两倍。
Kaoru Yosano, minister for economics and fiscal policy, said that the March 11 disaster had been the main reason for the fall in output, and insisted that growth would soon return. “The Japanese economy has a great deal of resiliency,” Mr Yosano said.
日本经济财政大臣与谢野馨(Kaoru Yosano)表示，3月11日的灾难是经济产出下降的主要原因，并坚称日本很快就会恢复增长。“日本经济具有很大的弹性，”与谢野馨说道。
However, the extent of the first-quarter fall – equivalent to a 3.7 per cent decline on an annualised basis – underscores the scale of the disruption caused by the natural disaster and resulting nuclear crisis at the Fukushima Daiichi power plant.
然而，第一季度的下降幅度——折合成年率相当于3.7%的降幅——突显出那场自然灾害及其在福岛第一核电站(Fukushima Daiichi)引发的核危机造成的破坏有多大。
Japan’s economy has now contracted for two quarters in a row, meeting the most widely used definition of a recession. Government statisticians now say that output fell 0.8 per cent quarter-on-quarter in the last three months of 2010, a much sharper decline than the 0.3 per cent initially estimated. Preliminary estimates of Japanese GDP growth are often dramatically revised as more accurate data becomes available.
日本经济如今已连续两个季度出现萎缩，符合使用得最为广泛的衰退定义。**统计学家现在表示，2010年第四季度的GDP环比降幅为0.8%，远远高于最初估算的0.3%。日本GDP增幅的初步估算数据经常会在更准确的数据出现后得到大幅修正。
Frederic Neumann, economist at HSBC Global Research, said the fourth quarter revision suggested that even before the March 11 disaster, the economy’s underlying momentum “wasn’t as robust as widely thought”.
汇丰全球研究部门(HSBC Global Research)的经济学家范力民(Frederic Neumann)表示，去年第四季度的修正数据表明，即便是在3月11日的灾难发生之前，日本经济的潜在发展势头“就已经不如普遍预期的那么强健”。
“The ground is slipping,” Mr Neumann wrote in a report.
“经济基础正在恶化，”范力民在一份报告中写道。
However, Japan has seen some signs of recovery. The Reuters Tankan survey – a monthly measure of business sentiment modelled on the Bank of Japan’s own Tankan report – this week showed that the mood among manufacturers was improving.
不过，日本也出现了一些经济复苏的迹象。路透社本周发布的月度短观调查(Reuters Tankan)——以日本央行(BoJ)的短观调查为模型的一项月度商业景气指数——显示，制造商的情绪正在改善。
9,9
Japan’s devastating earthquake and tsunami bring some impact, not only to Japan itself, but also to the international economy had a huge impact. Now from the March 11 disaster has been for some time, the Japanese economy is recovering, "The Japanese economy has a great deal of resiliency
", Mr Yosano said in the paper, it's look out Japan's economic recovery in the hope ~
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