Japan GDP Up 4.1%
Japan’s surprisingly sharp rebound in GDP shows how resilient its economy can be despite years of growth which has been hobbled by a sort of stagflation, and more recently, the value of the yen. GDP rose at an annualized rate…
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Almost 40% of the improvement was because of government expenditures to re-build parts of Japan after the horrible earthquake a year and a half ago.. But, even the speed with which the government turned on stimulus to fuel this is impressive. The Japanese consumer was also active in the period. Sales of cars and other consumer goods were strong.
The earthquake may have shattered a large part of the economy, but consumers, in many cases, have put that behind them, at least as far as their spending habits are concerned.
Douglas A. McIntyre
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Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.
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A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.
TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.
McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.