Japan’s sliding Tankan Sentiment and since 2001 Japanese recession lower profit expectation by companies’ manifest global recession deepening into depression
Paula Rubke
Jul. 1, 2008

Japanese economy is giving a warning signal for along time. But now the signs are very clear, the economy is plunging back into recession.

The Tankan index of manufacturer sentiment slid to 5 points in June from 11 in March, a third quarterly decline, the Bank of Japan said today in Tokyo. Large companies said profits would drop 7 percent in the year ending March 31, compared with a 0.3 percent increase predicted three months ago.

The data correlates very well with the analytic and quantitative models. The world economies are at this moment plunging into deep recession with a tangy taste of hyperinflation. It will eventually turn into a global depression and inflation will change into deflation.

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