Showing posts with label Japanese. Show all posts
Showing posts with label Japanese. Show all posts

Tuesday, March 25, 2014

Japanese architect honored for creating temporary housing for disaster victims

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Japanese architect honored for creating temporary housing for disaster victims

Monday, February 10, 2014

Revival of Japanese Militarism While Revising History to Whitewash Past crimes & Atrocities of Japanese Imperialism

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Revival of Japanese Militarism While Revising History to Whitewash Past crimes & Atrocities of Japanese Imperialism

Monday, February 3, 2014

Japanese Stocks In Freefall - TOPIX Plunges Almost 5% To 4-Month Lows

Despite the hope-driven exuberance exhibited immediately post the Abe/Kuroda show, the USDJPY-pumping stock-momentum fest has ended – abruptly. Japan’s Nikkei 225 has lost all its gains and is now trading below US day-session lows (3-month lows) but it is the broader TOPIX index (more akin to the S&P 500) that is collapsing. Down almost 5% on the day (its biggest drop since the May collapse), the TOPIX is at 4-month lows. The TOPIX Real Estate index just hit a bear-market – down 20% from Dec 31st highs. Japanese sell-side shops are in full panic desparation mode as “suggestions” that a sub-14,000 Nikkei will prompt an acceleration of Japan’s QQE money-printing idiocy. This is getting ugly fast.


TOPIX collapses to 4-month lows…



As Bloomberg notes, the sell-side is in full panic mode…








Japan’s central bank will probably boost purchases of ETFs as early as this month if Nikkei 225 drops to about 14,000, Hidenao Miyajima, chief strategist at Parnassus Investment Strategies in Tokyo, says in interview.



 


But this won’t help as the ramp in USDJPY is not helping…



 


and The TOPIX Real Estate Index is in Bear market territory – down 20% from Dec 31st highs… and 6 month lows…



 


Charts: Bloomberg






    








Zero Hedge



Japanese Stocks In Freefall - TOPIX Plunges Almost 5% To 4-Month Lows

Thursday, January 23, 2014

200-Year-Old Scroll Very Seriously Presents Japanese Characters In A "Fart Battle" (NSFW)

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200-Year-Old Scroll Very Seriously Presents Japanese Characters In A "Fart Battle" (NSFW)

Friday, January 3, 2014

Japanese Scientist Float And Move Objects Mid-Air With Sound




Levitating objects with sound has been done before, but these scientists have taken it to a new level.


Via NPR:


Researchers in Tokyo have put a new twist on the use of sound to suspend objects in air. They’ve used ultrasonic standing waves to trap pieces of wood, metal, and water – and even move them around.


Researchers have used sound to levitate objects in previous experiments, dating back decades. But that work has largely relied on speakers that were set up in a line to bounce sound waves off a hard surface.


The new experiment uses four speakers to surround an open square area that’s about 21 inches wide. Four phased arrays use standing waves to create an ultrasonic focal point in that space, as the researchers explain in a video about their work.





disinformation



Japanese Scientist Float And Move Objects Mid-Air With Sound

Monday, December 30, 2013

Japanese Gangsters Hiring Homeless To Clean Up Fukushima Disaster Area




447px-Yakuza_sign_near_Sento

Pic: Sean Wilson (PD)



Organized crime controlling construction and waste disposal? That sounds familiar. Crime bosses in Japan are recruiting the nation’s homeless and paying them next to nothing to clean up the deadly remains of the Fukushima disaster.


Japan’s three biggest crime syndicates have established illegal recruitment under construction powerhouse Obayashi, a top contractor. Reuters speaks to one man paid by a gangster to collect potential homeless workers: Seiji Sasa would find men at a local train station and get them work through a number of smaller contractors that eventually reported to Obayashi (which has not been fingered in the scheme). The workers would be paid less than minimum wage after middlemen skimmed some and deductions were taken for food and housing; in other cases, those deductions were taken from their scant pay, leaving the workers with no money, or even in debt.



Keep reading at Newser.





disinformation



Japanese Gangsters Hiring Homeless To Clean Up Fukushima Disaster Area

Friday, November 29, 2013

Chinese jets shadowed US and Japanese planes in new air defense zone


RT
November 29, 2013


Chinese fighter jets were scrambled and followed US and Japanese planes that had entered the newly-proclaimed Chinese air defense zone in the disputed area of the East China Sea, Xinhua reports.


The Chengdu J-10 was designed to be a multi-role, all-weather aircraft. Credit: Retxham via Flickr

The Chengdu J-10 was designed to be a multi-role, all-weather aircraft. Credit: Retxham via Flickr



Two US surveillance aircraft and 10 Japanese F-15 jets were ‘tailed’ by Chinese pilots on Friday.


China ordered an urgent dispatch of its Su-30 and J-10 fighter jets to an area in the East China Sea after the foreign aircraft “invaded” the air defense zone, they said.


The reported intrusions came in defiance of the East China Sea Air Defense Identification Zone (ADIZ), established by Beijing last week.


China’s move has triggered outrage from several states in the region and critical rhetoric from the US, as the vast zone covers disputed areas, including the islets claimed by both China and Japan.


Earlier on Thursday, the Chinese Air Force conducted its first air patrol flights over the zone, as Japan and South Korea sent their own military aircraft into the zone’s airspace in an act of defiance.


China has stressed its decision to enforce the airspace identification zone – which requires all aircraft flying over or near it to identify themselves – follows common international practices and “is a necessary measure in China’s exercise of self-defense rights.”


No international flights will be affected by the setup of the zone, Chinese Air Force spokesman, Shen Jinke, told Xinhua.


Japan and its US ally blasted the decision as “unacceptable” and rejected the “unilateral” declaration, saying it would create dangerous tension. However, Chinese officials gave a reminder that both countries have long had their own ADIZ, and that the Japanese never discussed theirs with their neighbor.


“If they want it revoked, then we would ask that Japan first revoke its own air defense identification zone and China will reconsider it after 44 years,” China’s Defense Ministry spokesman, Yang Yujun, said in a statement posted on the ministry’s website on Thursday.


While possible action against the zone’s infiltrators has been vaguely defined as “defensive emergency measures,” The Global Times, a Chinese state media newspaper, on Friday called for “timely countermeasures without hesitation,” should Tokyo violate the new ADIZ.


At the same time, the paper suggested China could ignore violations by some other states, including the US. Two US military B-52 bombers flew over the area on Monday without prior notice, with a Pentagon spokesman telling Reuters we “have continued to follow our normal procedures.”


This article was posted: Friday, November 29, 2013 at 2:34 pm


Tags: domestic news, foreign affairs, war










Infowars



Chinese jets shadowed US and Japanese planes in new air defense zone

Chinese jets shadowed US and Japanese planes in new air defense zone

Chinese jets shadowed US and Japanese planes in new air defense zone
http://isbigbrotherwatchingyou.com/wp-content/uploads/2013/11/01fea__national_security_agency__112913j10.jpg


RT
November 29, 2013


Chinese fighter jets were scrambled and followed US and Japanese planes that had entered the newly-proclaimed Chinese air defense zone in the disputed area of the East China Sea, Xinhua reports.


The Chengdu J-10 was designed to be a multi-role, all-weather aircraft. Credit: Retxham via Flickr

The Chengdu J-10 was designed to be a multi-role, all-weather aircraft. Credit: Retxham via Flickr



Two US surveillance aircraft and 10 Japanese F-15 jets were ‘tailed’ by Chinese pilots on Friday.


China ordered an urgent dispatch of its Su-30 and J-10 fighter jets to an area in the East China Sea after the foreign aircraft “invaded” the air defense zone, they said.


The reported intrusions came in defiance of the East China Sea Air Defense Identification Zone (ADIZ), established by Beijing last week.


China’s move has triggered outrage from several states in the region and critical rhetoric from the US, as the vast zone covers disputed areas, including the islets claimed by both China and Japan.


Earlier on Thursday, the Chinese Air Force conducted its first air patrol flights over the zone, as Japan and South Korea sent their own military aircraft into the zone’s airspace in an act of defiance.


China has stressed its decision to enforce the airspace identification zone – which requires all aircraft flying over or near it to identify themselves – follows common international practices and “is a necessary measure in China’s exercise of self-defense rights.”


No international flights will be affected by the setup of the zone, Chinese Air Force spokesman, Shen Jinke, told Xinhua.


Japan and its US ally blasted the decision as “unacceptable” and rejected the “unilateral” declaration, saying it would create dangerous tension. However, Chinese officials gave a reminder that both countries have long had their own ADIZ, and that the Japanese never discussed theirs with their neighbor.


“If they want it revoked, then we would ask that Japan first revoke its own air defense identification zone and China will reconsider it after 44 years,” China’s Defense Ministry spokesman, Yang Yujun, said in a statement posted on the ministry’s website on Thursday.


While possible action against the zone’s infiltrators has been vaguely defined as “defensive emergency measures,” The Global Times, a Chinese state media newspaper, on Friday called for “timely countermeasures without hesitation,” should Tokyo violate the new ADIZ.


At the same time, the paper suggested China could ignore violations by some other states, including the US. Two US military B-52 bombers flew over the area on Monday without prior notice, with a Pentagon spokesman telling Reuters we “have continued to follow our normal procedures.”


This article was posted: Friday, November 29, 2013 at 2:34 pm


Tags: , ,










Infowars




Read more about Chinese jets shadowed US and Japanese planes in new air defense zone and other interesting subjects concerning NSA at TheDailyNewsReport.com

Sunday, October 27, 2013

[8] Rick Rule on the Paper Gold Collapse and John Mauldin on Japanese Dysfunction

[8] Rick Rule on the Paper Gold Collapse and John Mauldin on Japanese Dysfunction
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check us out on Facebook http://www.facebook.com/BoomBustRT Follow us @ http://twitter.com/ErinAde http://twitter.com/EnglishPI You thought that -billion-…





Read more about [8] Rick Rule on the Paper Gold Collapse and John Mauldin on Japanese Dysfunction and other interesting subjects concerning Commentary at TheDailyNewsReport.com

Friday, October 25, 2013

Japanese Organized Crime Involved in Recruitment at Fukushima


cesium


What prevails is a well organized camouflage. The public health disaster in Japan, the contamination of water, agricultural land and the food chain, not to mention the broader economic and social implications, have neither been fully acknowledged nor addressed in a comprehensive and meaningful fashion by the Japanese authorities.


Japan as a nation state has been destroyed. Its landmass and territorial waters are contaminated. Part of the country is uninhabitable. High levels of radiation have been recorded in the Tokyo metropolitan area, which has a population of  39 million (2010) (more than the population of Canada, circa 34 million (2010)) There are indications that the food chain is contaminated throughout Japan:


The crisis in Japan has been described as “a nuclear war without a war”. In the words of renowned novelist Haruki Murakami:


“This time no one dropped a bomb on us … We set the stage, we committed the crime with our own hands, we are destroying our own lands, and we are destroying our own lives.”



Several Global Research reports and background articles have outlined the dangers of Worldwide radiation resulting from the Fukushima disaster. This disaster is being sustained by the incompetence of  TEPCO as well as political camouflage by the Abe government.


What prevails is a well organized camouflage. The public health disaster in Japan, the contamination of water, agricultural land and the food chain, not to mention the broader economic and social implications, have neither been fully acknowledged nor addressed in a comprehensive and meaningful fashion by the Japanese authorities.


Another related dimension of the Fukushima crisis pertains to the role of Japan’s organized crime, the Yakusa in recruiting personnel for dangerous tasks.


The Yakuza labor practices at Fukishima are based on a system of subcontracting. This process of recruitment and subcontracting does not favor the hiring of competent specialized personnel. It creates an environment of fraud and incompetence, which in the case of Fukushima could have devastating consequences.



Fukushima in the wake of the Tsunami, March 2011


This role of Japanese organized  crime also pertains to the removal of the fuel rods from Reactor no. 4. As documented in several GR articles, this undertaking –if mishandled– could potentially lead to a massive radioactive fallout:


An operation with potentially “apocalyptic” consequences is expected to begin in a little over two weeks from now – “as early as November 8″ – at Fukushima’s damaged and sinking Reactor 4, when plant operator TEPCO will attempt to remove over 1300 spent fuel rods holding the radiation equivalent of 14,000 Hiroshima bombs from a spent fuel storage tank perched on the reactor’s upper floor.


While the Reactor 4 building itself did not suffer a meltdown, it did suffer a hydrogen explosion, is now tipping and sinking and has zero ability to withstand another seismic event.


To remove the rods, TEPCO has erected a 273-ton mobile crane above the building that will be operated remotely from a separate room….


Fukushima and the Yakusa


A recent Reuters report documents in detail the role of Japan’s Yakusa and its insidious relationship to both TEPCO as well as agencies of the Japanese government including the Ministry of Health, Labor and Welfare:


The complexity of Fukushima contracts and the shortage of workers have played into the hands of the yakuza, Japan’s organized crime syndicates, which have run labor rackets for generations.


Nearly 50 gangs with 1,050 members operate in Fukushima prefecture dominated by three major syndicates – Yamaguchi-gumi, Sumiyoshi-kai and Inagawa-kai, police say.


Ministries, the companies involved in the decontamination and decommissioning work, and police have set up a task force to eradicate organized crime from the nuclear clean-up project. Police investigators say they cannot crack down on the gang members they track without receiving a complaint. They also rely on major contractors for information.


In a rare prosecution involving a yakuza executive, Yoshinori Arai, a boss in a gang affiliated with the Sumiyoshi-kai, was convicted of labor law violations. Arai admitted pocketing around $ 60,000 over two years by skimming a third of wages paid to workers in the disaster zone. In March a judge gave him an eight-month suspended sentence because Arai said he had resigned from the gang and regretted his actions.


Arai was convicted of supplying workers to a site managed by Obayashi, one of Japan’s leading contractors, in Date, a town northwest of the Fukushima plant. Date was in the path of the most concentrated plume of radiation after the disaster.


A police official with knowledge of the investigation said Arai’s case was just “the tip of the iceberg” in terms of organized crime involvement in the clean-up.


A spokesman for Obayashi said the company “did not notice” that one of its subcontractors was getting workers from a gangster.


“In contracts with our subcontractors we have clauses on not cooperating with organized crime,” the spokesman said, adding the company was working with the police and its subcontractors to ensure this sort of violation does not happen again.


In April, the Ministry of Health, Labor and Welfare sanctioned three companies for illegally dispatching workers to Fukushima. One of those, a Nagasaki-based company called Yamato Engineering, sent 510 workers to lay pipe at the nuclear plant in violation of labor laws banning brokers. All three companies were ordered by labor regulators to improve business practices, records show.


In 2009, Yamato Engineering was banned from public works projects because of a police determination that it was “effectively under the control of organized crime,” according to a public notice by the Nagasaki-branch of the land and transport ministry. Yamato Engineering had no immediate comment.



In towns and villages around the plant in Fukushima, thousands of workers wielding industrial hoses, operating mechanical diggers and wearing dosimeters to measure radiation have been deployed to scrub houses and roads, dig up topsoil and strip trees of leaves in an effort to reduce background radiation so that refugees can return home.


Hundreds of small companies have been given contracts for this decontamination work. Nearly 70 percent of those surveyed in the first half of 2013 had broken labor regulations, according to a labor ministry report in July. The ministry’s Fukushima office had received 567 complaints related to working conditions in the decontamination effort in the year to March. It issued 10 warnings. No firm was penalized.


One of the firms that has faced complaints is Denko Keibi, which before the disaster used to supply security guards for construction sites. (Special Report: Help wanted in Fukushima: Low pay, high risks and gangsters, by Antoni Slodkowski and Mari Saito, Reuters, October 25, 2013)


(To Read Reuters article click:


http://ca.reuters.com/article/idCABRE99O04320131025?sp=true


In the face of ceaseless media disinformation pertaining to the dangers of global nuclear radiation, our objective at GR has been break the media vacuum and raise public awareness, while also pointing to the complicity of  the governments, the media and the nuclear industry.


We call upon our readers to spread the word.




Global Research



Japanese Organized Crime Involved in Recruitment at Fukushima

Monday, October 21, 2013

X-rated Japanese erotica sets throats clearing at UK shows


Saturday, August 10, 2013

A Quadrillion Yen And Counting – The Japanese Debt Bomb Could Set Off Global Panic At Any Moment


Michael Snyder
Economic Collapse
August 10, 2013


How much is 1,000,000,000,000,000 yen worth?  Well, a quadrillion yen is worth approximately 10.5 trillion dollars.  It is an amount of money that is larger than the “the economies of Germany, France and the U.K. combined“.  It is such an astounding amount of debt that it is hard to even get your mind around it.  The government debt to GDP ratio in Japan will reach247 percent this year, and the Japanese currently spend about 50 percent of all central government tax revenue on debt service.  Realistically, there are only two ways out of this overwhelming debt trap for the Japanese.  Either they default or they try to inflate the debt away.  At this point, the Japanese have chosen to try to inflate the debt away.  They have initiated the greatest quantitative easing experiment that a major industrialized nation has attempted since the days of the Weimar Republic.  Over the next two years, the Bank of Japan plans to zap 60 trillion yen into existence out of thin air and use it to buy government bonds.  By the time this program is over, the monetary base in Japan will have approximately doubled.  But authorities in Japan are desperate.  They know that the Japanese debt bomb could set off global panic at any time, and they are trying to find a way out that will not cause too much pain.


Unfortunately, the only way that this bizarre quantitative easing program will work is if investors in Japanese bonds act very, very irrationally.  You see, the only way that Japan has been able to pile up this much debt in the first place is because they have been able to borrow gigantic piles of money at super low interest rates.


Right now, the yield on 10 year Japanese bonds is sitting at an absurdly low 0.76%.  But even with such ridiculously low interest rates, the central government of Japan is still spending about half of all tax revenue on debt service.


If interest rates go up, the game is over.


But now that the Japanese government has announced that it plans to double the monetary base, it would be extremely irrational for investors not to demand higher rates on Japanese government debt.  After all, why would you want to loan money to the Japanese government for less than one percent a year when the purchasing power of your money could potentially be halved over the next two years?


Amazingly, this is exactly what the Japanese government is counting on.  They are counting on being able to wildly print up money and monetize debt, but also keep yields on Japanese bonds at insanely low levels at the same time.


For the moment, it is actually working.  Investors in Japanese bonds are behaving very, very irrationally.


But if that changes at some point, we could potentially be looking at the greatest Asian economic crisis of all time.


And there are some very sharp minds out there that believe that is exactly what is going to happen.


For example, the founder of Hayman Capital Management, Kyle Bass, has been sounding the alarm about Japan for a long time.  He correctly predicted the subprime mortgage meltdown, and in the process he made hundreds of millions of dollars for his clients.  Now he believes that the next major crash is going to be in Japan.


According to Bass, the bond bubble in Japan is so large that once it begins to implode fear is going to start spreading like wildfire…


Remember, Japanese banks in general have 900% of their tangible assets invested in JGBs that are the most negatively convex instrument you can put into a portfolio. Assume for instance that a bank holds a 10 year bond yielding 80 basis points. A 100 basis point move will cost the JGB investor about 10 years of expected interest payments.


Think about the psychology of all the players and financial implications if rates do move 100 basis points. Think about the solvency of a nation which currently spends 50% of its central government tax revenues on debt service, half of which earns the lowest yields of any country in the world.


You can’t look at this as a simple question. You need to think about this as a multivariate equation. You have to think about the incentives and the fears of all the participants. And you need to think about the fiscal sustainability of the government.



If rates even rise by a full percentage point, it could start a stampede toward the exits that nobody in the entire world would be able to control…


I ran a survey of 1,009 Japanese investors where we asked: “If rates were to move up 100 basis points, would that engender more confidence and make you want to buy more JGBs?” or, “Would you take your money elsewhere, even if it were hamstringing your government’s ability to operate?” 8 – 9% of respondents that said that they would buy more bonds and almost 80% said they would run, not walk the other way.



For much more on this, you can watch a video of Kyle Bass discussing why Japan is doomed right here.


And of course Japan is not the only “debt bomb” that could potentially go off over in Asia.  As I mentioned in another article, the major problem over in China is the level of private debt…


In China, the big problem is the absolutely stunning growth of private domestic debt.  According to a recent World Bank report, the total amount of credit in China has risen from 9 trillion dollars in 2008 to 23 trillion dollars today.


That increase is roughly equivalent to the entire U.S. commercial banking system.



There is simply way, way too much debt in our world today.  Never before has there been so much red ink all over the planet at the same time.


Many in the mainstream media insist that this party can go on indefinitely.


But that is what they said about the housing bubble too.


Sadly, the truth is that every financial bubble eventually bursts, and this global debt bubble will be no exception.


I hope that you are getting prepared while you still can.


Related posts:


  1. The Japanese Financial System Is Beginning To Spin Wildly Out Of Control

  2. The Debt Bomb: 7,600,000,000,000 Dollars Of Debt Must Be Rolled Over In 2012

  3. The Sovereign Debt Crisis Is Never Going To End Until There Is A Major Global Financial Collapse

  4. Endless QE? $ 6 trillion and counting

  5. $ 1 Quadrillion of Unregulated Debt At Core of Coming Derivatives Crisis

This article was posted: Saturday, August 10, 2013 at 5:50 am









Prison Planet.com



A Quadrillion Yen And Counting – The Japanese Debt Bomb Could Set Off Global Panic At Any Moment

Thursday, June 27, 2013

VIDEO: Japanese TV Station Sued for Using English Words







An elderly Japanese viewer claims the station’s overuse of English words excludes older viewers and causes him mental anguish.













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VIDEO: Japanese TV Station Sued for Using English Words

Sunday, June 23, 2013

Japanese Scientists Perfect Technique To Grow Human Organs In Animals


Infowars.com
June 23, 2013


A panel of scientists and legal experts appointed by the Japanese government will be gathering together to begin drafting guidelines governing Japan’s historic embryonic research. If all goes according to plan, scientists hope to begin growing human organs in animals within the next 12 months.


The research sounds like something out of a science fiction novel. Scientists place a human stem cell into the embryo of an animal to create a “chimeric embryo” that can be implanted into the animal’s womb. According to the Telegraph, the animal in question will most likely be a pig.


Once the embryo is implanted it will grow into a perfect human organ – a heart, a kidney, a pancreas, and so on. Then, when the adult pig is slaughtered, the organ will be harvested and transplanted into someone who needs a new one.


Professor Hiromitsu Nakauchi, head of the center for stem cell biology and regenerative medicine at the University of Tokyo, says he and his team have already succeeded in injecting stem cells from rats into the embryos of mice that had been genetically altered.


“We can apply the same principles to human stem cells and pigs, although the guidelines have not permitted us to do this yet,” he said.


Currently, Japanese guidelines allow the researchers to develop chimeric embryos in laboratory conditions for up to 14 days, but they’re prohibited from implanting the embryos into an animal. The process to revise the guidelines is expected to take up to 12 months and Professor Nakauchi believes the first pig carrying a human organ can be produced “quite quickly, because the technique has been established already.”


Nakauchi believes that within 5 years the technique will be implemented on a practical basis and he eventually hopes to be able to have numerous human organs within each donor animal that can all be harvested at the same time.


Not everyone is as excited about the possibilities as Professor Nakauchi. For example, animal rights activists want to know if the animal will be slaughtered and used for food or if it’s just being used as an incubator to grow human organs.


Of course there are the ongoing theological and ethical debates about human cloning, as well, and we’re already slowly dying from eating genetically modified food.


Aside from all that, consider the implications for the New World Order:


Members of the elite, uber-rich ruling class could simply set aside a little piece of Real Estate to raise their own replacement organs. The national data base for organ donors would be eliminated because the ruling class would be raising their own organs. Murder-for-organs and back-street transplants would become commonplace and nobody would stop it because the elite already have their organs and they’re happy to watch us cull the herd.


On the surface this organ-cloning technique sounds like it would be truly beneficial for mankind, but the potential for abuse is terrifying.


This article was posted: Sunday, June 23, 2013 at 7:45 am


Tags: technology









Infowars



Japanese Scientists Perfect Technique To Grow Human Organs In Animals

Wednesday, May 15, 2013

Japanese economy grew at 3.5 percent pace in 1Q



TOKYO (AP) — Japan‘s economy saw a stronger than expected recovery last quarter, growing at a 3.5 percent annual pace as the government stepped up public works spending and eased credit to encourage investment.


The data for January to March showed the world’s third-largest economy grew 0.9 percent on a quarterly basis, compared with revised GDP data showing 0.3 percent growth in the final quarter of 2012, as Japan inched its way out of recession. The figures were reported by the Cabinet Office on Thursday.


Prime Minister Shinzo Abe took office in late December vowing to help the economy recover from two decades of malaise by breaking out of chronic deflation. His policies have helped push share prices to their highest levels in over five years, fueled by strong liquidity and expectations of improved profitability for listed companies.


The benchmark Nikkei 225 stock index rose to 15,139.56 early Thursday before falling back slightly on profit taking. It has gained about 75 percent since November in a rally linked to high hopes for Abe’s policies, which have been dubbed “Abenomics.”


A sharp decline in the value of the Japanese yen, brought on both by monetary easing and by expectations of further easing, has helped some exporters and provided a windfall in yen terms for companies repatriating overseas earnings. But it is also raising costs for many companies that depend heavily on imports of natural gas and other commodities.


Apart from share prices, Japan’s manufacturing and employment showed slight improvements in March, buttressing hopes that the economy may be headed for a moderate recovery.


The central bank, which is committed to achieving 2 percent inflation within two years, says it expects a moderate recovery by midyear but has warned that uncertainties in the domestic and global economies could foil those hopes.


Critics of the Abenomics strategy question whether the extra funding pumped into the economy will foster sustainable growth or just push up prices for shares and other assets.


Key to the success of the policies will be increased spending by households and corporations, partly due to expectations that prices will rise. So far, increases in spending have been attributed mainly to luxury purchases by share investors splashing out after seeing gains in their portfolios. The Nikkei 225 stock benchmark has risen nearly 28 percent in the past three months.


Much of the growth in the first quarter of the year came from public demand, as in government spending on reconstruction from Japan’s March 2011 tsunami disaster and other public works. Private demand has been fueled by a recovery in housing investment, which has picked up sharply as purchasers rush to beat expected increases in sales taxes in the coming two years.


The tax increase, while needed to help reduce Japan’s massive public debt, will amount to a “major fiscal tightening,” Capital Economics economist Julian Jessop said in a commentary before the GDP data was released.


“Overall, ‘Abenomics’ surely represents the right mix of policies to tackle Japan’s problems,” he said, noting that the government faces a challenge in carrying out fiscal and structural reforms — such as changes in labor, education and tax policies and administrative deregulation — to help improve Japan’s long-term competitiveness and adapt to its aging and shrinking population. In the near term, if companies do not boost wages to help improve household purchasing power, inflationary policies could just discourage consumer spending, he and other economists warn.


“On these points at least, the jury is still out,” he said.




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Japanese economy grew at 3.5 percent pace in 1Q