Author: bbc.co.uk
Job            Vacancy - The stimulus was designed to create jobs, Prime  Minister Nato Kan  said, through measures to help small businesses and boost consumer  spending. Job    Indonesia - The  government has already introduced several stimulus  packages. Earlier, figures showed that Japanese consumer prices fell  for the 20th month in a row in October. - Lowongan   Kerja
The vote in favour of the latest  stimulus measures represents  a victory for the government, which has struggled getting the package  through parliament.
The move is in marked contrast to  European governments'  policies, which are focusing on cutting spending to secure growth.
   Falling prices
Japan has been struggling with weak  growth, a high yen and  deflation.
The core consumer price index fell by  0.6% in October  compared with a year earlier, official figures showed.
This was a slight improvement on the  1.1% price falls seen in  September.
Deflation is particularly damaging to  economic growth as  consumers delay purchases until prices fall further.
The improvement from September does not  reflect any  improvement in consumer demand, analysts said.
"Even though the pace of the fall in  prices slowed by 0.5  percentage points, this was not due to an improved demand-supply  balance," said Asushi Matsumoto at the Mizuho Research Institute.
Instead, he said, it was down to one-off  factors, such as a  hike in cigarette prices.
This means that "exit from deflation  will be slower than  previously thought," Mr Matsumoto argued.
   Weak exports        
Japan is also struggling with a strong  yen, which makes  exports more expensive to overseas consumers.
Figures released on Thursday showed  export growth slowing for  the eighth month in a row, with exports to Europe falling for first  time for almost a year.
Analysts say weaker exports could also  contribute to reduced  consumer demand.
"Weak growth in exports could worsen  corporate earnings, thus  lowering household incomes to dampen consumer demand," Mr Matsumoto  said.

 
No comments:
Post a Comment