Economy Tested by the 3/11 Disaster
The overall unemployment rate of Japan is 4.6% as of March 2011, though three prefectures (Iwate, Miyagi, and Fukushima) among 47 prefectures that have been hit hard by the 3/11 Earthquaker/Didsaster/Nuclear Accidents are excluded.
The number of people who are without jobs in Japan were 3.04 million as of March 2011, on the same statistic base.
So, the result from a survey in April is waited for so interestingly.
SECTION I: How Much Currencies Are Low-Priced
Japanese currency yen is evaluated high despite the 3/11 Great Disaster.
Ranking of Undervalued Currencies
(as of April 29, 2011)
Country...Rate of Evaluation
India...-69.7%
Thailand...-57.8%
Taiwan...-57.7%
China...-55.5%
Malaysia...-54.4%
Poland...-48.0%
Russia...-47.2%
Mexico...-46.8%
Indonesia...-46.8%
Korea...-45.4%
South Africa...-44.5%
USA...-26.9%
Israel...-21.8%
Greece (Euro)...-21.5%
Brazil...-21.0%
UK...-18.3%
Germany (Euro)...-7.9%
Canada...-6.0%
France (Euro)...-1.7%
JAPAN...0.0%
Australia...+21.8%
Denmark...+25.9%
Norway...+36.9%
(Source: IMF WEO April 2011)
http://grandpalais1975.blog104.fc2.com/blog-entry-385.html
It tells Japan is in a very advantageous state in the international money market.
Most of Americans do not know that Japan has little debts to foreign countries.
Japan is the largest financial foreign assets owner in the world.
So, the Japanese Government bonds are mostly purchased domestically by Japanese financial institutions, Japanese businesses, and Japanese individuals.
(The ratio of Gov. bonds/GDP is larger in Japan, but it does not matter at all.)
American and European economists and media have speaking ill of Japan so badly since late 1990's. The Japanese economy has been in 15-year long depression. So, most of American citizens misunderstand that Japan has borrowed much money from foreign countries.
But, the fact is that Japan has bee the largest buyer of American Government bonds and securities for two decades till China purchased a little more one or two years ago.
Besides, if currency rates are reevaluated correctly in all the countries, Japan will be able to export more to the world, including the U.S., the E.U., and China.
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Joh 5:10 The Jews therefore said unto him that was cured, It is the sabbath day: it is not lawful for thee to carry thy bed.
Joh 5:11 He answered them, He that made me whole, the same said unto me, Take up thy bed, and walk.
Joh 5:12 Then asked they him, What man is that which said unto thee, Take up thy bed, and walk?