By the end of last year into a recession, Japan's economy is still shrinking 0.4%, according to the calculation for a third consecutive quarters of contraction weak demand, in the domestic and overseas.
Thursday's Numbers are lower than expected. Many analysts had forecast the economy will appear in the last three months of 2012 recession, yen against other major currencies, promote Japan's export manufacturers.
Prime minister Shinzo Abe's office (Shinzo Abe) in late December to provide a platform, the positive enterprising spending and monetary stimulus policy, to help get growth back on track. He lobbied the central bank set 2% inflation target, to beat Japan's deflation long round, or falling prices, he said, is to keep the enterprise investment and economic growth.
Good British chief spokesman admitted that he must be lingering economic weakness, and the global economic recovery is optimistic.
"He said," we also hope that our country's economy gradually recovery.
Leave the same monetary policy, the bank of Japan on Thursday over two days after the meeting, said in a statement, "the Japanese economy seems to have stopped weaken.
Government spending, housing investment and private consumption appear rebound trend, it is called. For the moment, inflation is likely to remain stable, because the price is unlikely to be the last jump energy and durable consumer goods cost increase, the bank of Japan said.
At present the central bank governor, white FangMing sichuan, is due to March 19 to step down as his successor, shinzo Abe is expected to appoint a specialist who advocated a more aggressive monetary policy.
Since last year, with an average annual growth rate in the first quarter of the optimistic note in the powerful government spending from March 2011 tsunami disaster reconstruction stimulated demand 6%. But the economic downturn to the contraction in the second quarter further deterioration, friction, China's territorial disputes thrashed export to Japan's biggest overseas market in.
For 2012 years, and 2012 years of economic growth in 2011 shrinkage 0.6.
Last year despite gloomy data, in Japan's many expect at least temporarily turbulence growth, improve the government's public engineering and other project cost. Announced earlier this week the consumer confidence index, an indicator jumped to the highest level since 2007, the biggest monthly performance increase.
"In general, and other survey, the enterprise in the beginning of the year strong rebound, consumer confidence rebound is consistent," Capital economy (Capital Economics) economist Julian jie thorpe, in London, said in the comments. "This optimism can proved to be reasonable is another thing, but at least mood obviously improved.
Earlier this week, shinzo Abe called for enterprise to raise wages to help improve the domestic demand, from the government spending momentum. The fourth quarter data show that private consumption accounts for two-thirds or more of the Japanese economic activity in the fourth quarter, up 0.4%, and housing investment grew by 3.5%. The enterprise investment, however, 2.6% year-on-year drop, exports fell 3.7%.
Japan's economic growth has remained stagnant, because it "bubble economy" burst, in the 1990 s, though much of the investment in public works pushed to the highest level, major industrial countries, the national debt more than twice as much as the economies of scale.
Since October, yen, its value long-term further pushing up against other currencies, because the investors "haven" status, weakened about 20%. Although the government is not direct intervention, in order to make the value of the yen is low, its policy that many in the market more money will be created, weaken the yen's value.
Other monetary competitive devaluation, may weaken the economy growth potential, this has caused concern.
In a statement released on Tuesday, finance ministers and central bank governors of the group of seven most rich countries - including Japan - insist they remains committed to rate the market - not the government or the central bank policy - close consultation, exchange market fluctuations.
G - 7 statement lack any direct criticism, Japan's economic strategy effectively encourage investors continue to sell yen. On Thursday, the Japanese currency trading every dollar 93.50 yen. Earlier in the week to set the record of the last three year low of 94.40.



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