"Personal consumption was revised up to 1.0% compared with the preliminary figure of 0.8% due to an increase in the weighting of insurance and pension-related expenditures in the data, he said."
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Captain Jack...
The Japanese are learning from us - if the numbers are bad, change the way you count them so they look better. We have been the world's leaders in that area.
The Japanese economy is toast. They have one hope to stay out of deep recession, and that is the US consumer - it ain't gonna happen, since the US consumer is not only going to be unable to bring Japan out of recession, he is going to lead the US into one.
Just my opinion, though.
mlsoft
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