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Japanese Unemployment Jumps To Worst In 2014 As Household Spending & Retail Sales Drop For 3rd Month
Against an forecast drop to 3.5% joblessness, Japan's unemployment rate missed expectations by the most in 10 months and surged to 3.7% (its highest since Dec 2013). That likely explains why household spending and retail sales both dropped for the 3rd month in a row... (and why Abe's approval rating just broke back under 50%).
Unemployment jumps to 2014 highs...
and Household spending tumbled once again...
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The entire data set is a political illusion, along with the poverty rate and inflation. Perhaps only the US fudges more numbers based on politics than Japan. Juncker is a piker compared to the Japanese bureaucracy and political class.
Wi tu roke
We stand ready, Japan, to buy your bearings if you cut some prices. For cash.
Unemployment rate..LOL. I live outside of Tokyo and watched an army of weed whackers the other day attack a local park rather than using a single mower. It took them all day. What would unemployment be without counting those folks and the rest like them...
How many burakumin are living in Ueno park now? And are they counted?
Well after the lost decade comes the lost century.
Well, we're sure waltzin' down the same rosy path of happy, joyous, free and fucked with no qualms.
I'm shocked that the tax hike didn't beget escape velocity.
Waiting for the racist tirade and jokes...
Cracker.
Remember Pearle Harbort. She was one of the nicest neighbors we ever had and will be sadly missed.
Even in recession Japan, bikes remain unlocked.
And not just the mama chari, but the more expensive mountain bikes. Considered fair game if you're wasted and need a ride home. Cops on occasion check bike registration if street clean up day seems to have rewarded an individual with one too many bicycles.
http://threestepsoverjapan.blogspot.com/2008/08/living-in-japan-bikes.ht...
I'd rather racial tirade my own neighborhood.
I hope they send all their Japanese women and girls here to find a job. I'm all for that kind of "diversity." They have high IQs, work hard and look great.
Yeah Baby!
I have to 'thumbs up' that. The female Japanese is one of the most perfect creations on this planet.
They even defy gravity and and counter all the know laws of human nature [and Walmart] we know here in Merika; namely, they stay slim after puberty! Now that's a miracle in todays modern world!!
sitting in a Starbuck's in Tokyo right now...not a bad place to be. One of those creations is sitting next to me...
In Tokyo right now and sitting next to one too; my wife.
jb
ps Denium short shorts are in style this summer in the Big T
ahmen. Long live the micro short/skirt in Tokyo.
I thought hou$ehold$ were $pending more on taxe$. $o, $pending $hould be up.
bullish. hopefully good for .10 percent on futures.
They need to talk with the White house on how to cook the stats. The BLS are experts at cooking numbers.
"Japan's labor demand, household spend improve in June" - CNBC Headline.
http://www.cnbc.com/id/101870611
The writing is on the wall. Japan is facing a wall of debt that can only be addressed by printing more money and debasing their currency. This means paying off their debt with worthless yen where possible and in many cases defaulting on promises made. Japan's public debt, which stands at around 230% of its GDP and is the highest in the industrialized world.
The moment the Japaneses stock market fails to rise enough to offset inflation this will turn into a tsunami of money fleeing Japan and constitute the end of the line for those left holding both JGBs and the yen. This has been a long time coming and I contend the cross-border flow of money leaving Japan is why some stock markets have remained so resilient . When Japan crumbles it will be felt across the world. More on this subject in the article below.
http://brucewilds.blogspot.com/2014/05/japan-sliding-towards-abyss.html