Japan Machinery Orders Fall As Small Business Sentiment Hits Record Lows
Source: http://japanjapan.blogspot.com/2008/11/japan-machinery-orders-fall-as-small.htmlPosted on Tuesday, November 11th, 2008 | In Japan
Japanese machinery orders fell by 10.4 percent in the third quarter, equalling the biggest drop on record, as manufacturers cut their investment plans in anticipation of the impact of the global slowdown on overseas demand. The decline in orders, which is normally read as an indicator of capital spending the next three to six months, broadly equals a drop registered in 1998, the last time the Japanese economy fell into a really serious recesion..
Month on monthly Japanese machinery orders were up 5.5 percent in September, a move which was described by the government as a “weak rebound.”
Economy Watchers Index Hits Lowest Recorded Level
Sentiment among Japanese small businessmen was the worst ever in October according to the lastest reading on the Economy Watchers index, a survey of barbers, taxi drivers and others who deal with consumers,which dropped to 22.6 in October, the lowest since the government started the survey in August 2001.
Last 5 posts by Edward Hugh
- Global Manufacturing, France Outperforms, As Spain Continues To Flounder - November 3rd, 2009
- A New Spectre Is Haunting Europe, A Spanish One - October 31st, 2009
- Beyond The Consensus On European Bank Credit - October 27th, 2009
- The French Rebound Continues In October While Germany Moves Sideways - October 27th, 2009
- The French Rebound Continues In October While Germany Moves Sideways - October 27th, 2009
![]() About Edward Hugh (http://globaleconomydoesmatter.blogspot.com)
Edward Hugh is a macro economist, who specializes in growth and productivity theory, demographic processes and their impact on macro performance, and the underlying dynamics of migration flows. Hugh is a founding member and regular contributor to a number of economics weblogs, including Global Economy Matters, Demography Matters and a number of others. Edward 'the bonobo' Hugh is a Catalan economist of British extraction based in Barcelona. By inclination he is a macro economist, but his obsession with trying to understand the economic impact of demographic changes has often taken him far from home, off and away from the more tranquil and placid pastures of the dismal science, into the bracken and thicket of demography, anthropology, biology, sociology and systems theory. All of which has lead him to ask himself whether Thomas Wolfe was not in fact right when he asserted that the fact of the matter is "you can never go home again". He is currently working on a book with the provisional working title "Population, the Ultimate Non-renewable Resource". Edward also writes regularly for the demography blog Demography Matters. He also contributes to the Indian Economy blog . His personal weblog is Bonobo Land . Edward's website can be found at EdwardHugh.net. Edward follows in detail the Indian, Italian, Spanish, German and Japanese economies. He also has a more than a passing interest in the economies of Turkey and Brazil and in the emerging economies of Eastern Europe. |




