(Tokyo Area, Japan)"Some Thirtyfold, Some Sixty, and Some An Hundred"
(DEFLATION)
Deflation is better than inflation, at least, for Japan.
But, before the American economy should get into real deflation in any future, the economy of the 21st century must be carefully studied.
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Chinese growth slips to 6.1 percent
Thursday 16 April 2009
AFP - China's economy grew 6.1 percent in the first quarter, the government said Thursday, continuing a startling slowdown for a country that not long ago was seeing double-digit growth rates.
...
Urban fixed asset investments rose 28.6 percent in the first quarter, while in March alone the increase was 30.3 percent year-on-year, the bureau said.
The figure is a measure of government spending on infrastructure, which got a huge boost in November with a four-trillion-yuan (580-billion-dollar) package aimed at warding off the effects of the global economic crisis.
Industrial output expanded 5.1 percent in the first quarter of 2009 from a year earlier, while in March it increased by 8.3 percent, the government said.
China's industrial output, which illustrates activity in the nation's millions of factories and workshops, rose 12.9 percent in 2008.
http://www.france24.com/en/20090416-china-growth-economic-slowdown-gdp-domestic-growth
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Germany, France, and even the U.K. have a kind of large domestic consumer base called Europe.
The U.S. has 300-million consumer base.
But, Japan is unique not only in that its consumer base of 120 million is confined in a California-size land but also in that it has too powerful production capability which can only normally function with huge overseas client bases.
So, Japan has cultivated the Chinese market after its success in fully securing the American market. But, there has been a cost to secure the Chinese market: deflation.
The so-called "100-Yen (one-dollar) Shop" is symbolic in this context, since an influx of cheap Chinese commodities into the Japanese consumer market since 1990's have reached Japanese consumers through this kind of discount shops having been introduced into almost every street of major cities in Japan one after another.
The large-scale sale of cheap Chinese commodities have partly damaged and changed traditional value systems in Japan, leading to deflation as observed today.
In the middle of 1990's, the 100-Yen Shops offering every item imported from China at 100 yen triggered deflation in Japan where all the consumers already possessed everything they needed in their humble daily life, including cars, TVs, computers, telephones, brand bags, manga comic books, and high-quality of any kind of service provision while Japan's nature was under a threat from too much development and desire-driven building/demolition projects.
Though no Nobel-winner-class Western economists have ever argued, Japanese economic growth must have been suppressed to protect its nature and environment as well as the spirit and soul of the Japanese race. And it has been so suppressed in the form of deflation.
(Yet, in principle, with the two great markets of America and China secured for Japanese businesses, Japan is expected to sustain its economy and avoid any decisive economic crisis, which is now truly being tested.)
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When winners do not mind life of losers, deflation could prevail in the society.
When smart people have won competition, including price competition, deflation could prevail in the society, since it would not be a threat to those winners any more.
Such winners whose largest concern at any time is whether they can keep their positions in a company or a market as they cannot be respected in other places would really try to win competition even introducing deflation.
I mean that deflation is one of the worst results of competition in market or the society.
(N'oubliez pas qu'ils sont plus intelligents que vous, mais vous pouvez éviter les dommages dus à la déflation sans nuire à d'autres personnes si vous le respect de Dieu. And a mountain will not be deflated.
http://www.gagirl.com/music/aintnomountainhigh.html
Source:http://www.gagirl.com/music/)
Mar 4:16 And these are they likewise which are sown on stony ground; who, when they have heard the word, immediately receive it with gladness;
Mar 4:17 And have no root in themselves, and so endure but for a time: afterward, when affliction or persecution ariseth for the word's sake, immediately they are offended.
Mar 4:18 And these are they which are sown among thorns; such as hear the word,
Mar 4:19 And the cares of this world, and the deceitfulness of riches, and the lusts of other things entering in, choke the word, and it becometh unfruitful.
Mar 4:20 And these are they which are sown on good ground; such as hear the word, and receive it, and bring forth fruit, some thirtyfold, some sixty, and some an hundred.