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By Douglas A. McIntyre
Japan’s GDP rose at an annual rate of 4.8% in the quarter ending September 30th. Most analysts had forecast a figure below 3%. It is not entirely clear how much of the increase is due to government stimulus, and how much is due to “organic” activity including consumer spending and exports. Capital spending did rise 1.6%. Consumer activity was up a tiny 0.7% but most experts believe that this was due to incentive programs to get people to buy cars and appliances.
The Japanese numbers, while good, point to the dilemma of the all the wealthy nations including the U.S., U.K., and many E.U. countries.
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