Nov
20th
Fri
20th
More Statistical Recovery From Japan
David Rosenberg says that, actually, Japan GDP was more or less flat nominally while deflation boosted real GDP 4.8% …
Speaking of Japan, while many pundits waxed over the “real” GDP expansion of 4.8% at an annual rate in Q3, the entire increase was due to the negative deflator. In fact, the economy continues to deflate at such an extent that GDP in nominal terms contracted at a 0.3% annual rate — the sixth quarter in a row of decline.
