Elaine Kurtenbach at USA Today writes:
Japan’s economy contracted in the latest quarter, signaling that like Europe it may already be in recession, further weighing down world growth. On an annualized basis, the world’s No. 3 economy shrank 3.5% in the July-September quarter, the government reported Monday. It was in line with gloomy forecasts after Japan’s territorial dispute with China hammered exports that were already weakened by feeble global demand……
Rajeshni Naidu-Ghelani at CNBC writes that Japan’s recovery depends on global demand:
Izumi Devalier, Japan economist at HSBC in Hong Kong backed that sentiment saying Japan’s economic development over the past decade shows that it’s been extremely dependent on exports and external demand.
“Sad to say, Japan will have to wait for the overseas economies to pick up before it sees its own economy really lifted,” Devalier told CNBC.
Colin Twiggs is a former investment banker with almost 40 years of experience in financial markets. He co-founded Incredible Charts and writes the popular Trading Diary and Patient Investor newsletters.
Using a top-down approach, Colin identifies key macro trends in the global economy before evaluating selected opportunities using a combination of fundamental and technical analysis.
Focusing on interest rates and financial market liquidity as primary drivers of the economic cycle, he warned of the 2008/2009 and 2020 bear markets well ahead of actual events.
He founded PVT Capital (AFSL No. 546090) in May 2023, which offers investment strategy and advice to wholesale clients.
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