http://noir.bloomberg.com/apps/news?pid=20601087&sid=a6_xd0SS7ujc&pos=1
SS says
I wonder what the guys who said - BUY JAPAN NOW - would say after reading the above.
Where did all the great GDP grwoth go away which was going to come from the massive post earthquake infrastructure spending?
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“The contraction in the second quarter will probably be even bigger as consumer spending and exports slump,” said Norio Miyagawa, senior economist at Mizuho Securities Research and Consulting Co. in Tokyo. “The economy will likely return to growth from the third quarter once the supply-chain disruption eases and reconstruction work begins.”
SS says
I wonder what the guys who said - BUY JAPAN NOW - would say after reading the above.
Where did all the great GDP grwoth go away which was going to come from the massive post earthquake infrastructure spending?
-------
“The contraction in the second quarter will probably be even bigger as consumer spending and exports slump,” said Norio Miyagawa, senior economist at Mizuho Securities Research and Consulting Co. in Tokyo. “The economy will likely return to growth from the third quarter once the supply-chain disruption eases and reconstruction work begins.”
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