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WASHINGTON Nike React Element 87 Black For Sale , Jan. 7 (Xinhua) -- Following are the results of National Basketball Association games on Wednesday:
Milwaukee bt Philadelphia 97-77
Washington bt New York 101-91
Charlotte bt New Orleans 98-94
Houston bt Cleveland 105-93
Atlanta bt Memphis 96-86
Boston bt Brooklyn 89-81
Utah bt Chicago 97-77
Detroit bt Dallas 108-95
Denver bt Orlando 93-90
Phoenix bt Minnesota 113-111
Sacramento bt Oklahoma City 104-83
Golden State bt Indiana 117-102
L.A. Clippers bt L.A. Lakers 114-89
TOKYO, Aug. 15 (Xinhua) -- While the Japanese economy continued its momentum of "moderate" expansion with the April-June period growth rate reaching a better-than-expected annualized 4.0 percent, economic analysts here pointed out that the continuous growth still faces a number of challenges.
Though Japan's huge stimulus measures and overall ultra-easy monetary policy have helped the world's third-largest economy to grow theoretically, such policies have a shelf life and such fragile foundations mean that the Japanese economy is still facing risks, challenges and headwinds in the weeks, months and years to come Nike React Element 87 Undercover For Sale , said analysts.
MONETARY POLICY WANING
Japan's ultra-easy monetary policy over the last four years, the subsequent depreciation of the Japanese yen, coupled with robust exports, are the key reasons for the nation's growth, said Zhu Yan, professor of economics at Takushoku University.
The Bank of Japan (BOJ) has injected massive liquidity into the market by purchasing large amounts of Japanese government bonds since it decided in 2013 to target an inflation rate of 2 percent.
By February 2017 Nike React Element 87 Youth For Sale , Japan's monetary base had reached 434 trillion yen (3.95 trillion U.S. dollars), 3.8 times of that compared to the end of 2012, and equivalent to some 80 percent of Japan's GDP.
The depreciation of the yen, as a result of the loose monetary policy, boosted the performance of Japanese enterprises, as well as the stock market and the real estate market.
This consequently lifted the income of employees of big corporations and domestic consumption. Corporations also increased investment in research and investment. Hence the recovery of Japan's economy Nike React Element 87 Womens For Sale , according to Zhu.
However, with the effects of the monetary policy gradually waning, risks and side effects have become more obvious, according to Zhu and other analysts including Katsuyuki Hasegawa, chief market economist at Mizuho Research Institute.
The risks come from both home and abroad. Domestically, a spate of scandals has plunged Japanese Prime Minister Shinzo Abe's cabinet support rate to below 30 percent at one point Nike React Element 87 Mens For Sale , and damaged the political cohesiveness of the government.
Political instability could prevent the government from addressing pressing economic and trade issues and hurt investors' confidence in Japan, according to Hasegawa.
Japan is also facing risks from overseas factors, such as further interests rate hikes from the U.S. Federal Reserve or the European Central Bank, the trend of protectionism in the world, as well as the situation on the Korean Peninsula.
In times of geopolitical tensions or turmoil, investors are quick to switch out of riskier assets like stocks and into safe havens like gold and the yen Nike React Element 87 Sale , analysts said.
This subsequently sees the yen spike against basket of other major currencies, which hurts Japan's key export sector which relies on a weak yen to boost profits when they are repatriated from overseas, they added.
In addition, rising geopolitical tensions can also wreak havoc on the stock market, as investors not switching to safe havens tend to dump stocks or hit the sidelines indefinitely until positive cues are seen.
FRAGILE BALANCE
Another cause of potential risk to the Japanese economy is the huge financial debt of the Japanese government which is like a ticking bomb, according to analysts.
Xing Yuqing Nike React Element 87 For Sale , professor at the National Graduate Institute for Policy Studies of Japan, said that in the past four years, the ratio of the Japanese government's public debt to GDP has continued to rise. According to statistics from the Organization for Economic Cooperation and Development (OECD), the public debt of the government currently equals 2.5 times the country's GDP.
Zhu Yan said that Japan copes with the huge financial deficit by issuing large amounts of government bonds, but Japan's excessive amount of currency, rarely seen in Japanese history Wholesale Nike React Element 87 Undercover , is against economic rules.
Despite the "success" in terms of economic expansion, the potential side effects are like a ticking time bomb waiting to go off, said Zhu.
Zhu went on to explain that the reason for Japan being able to maintain its fragile economic balance is that more than 90 percent of the government's bonds were bought by Japanese citizens and companies and the government was able to continue to borrow from the people to pay back old debts without much disturbance from abroad.
However, as the aging of the population accelerates in Japan, citizens' saving rate has been decreasing. If the government debts continue to grow at the current rate, and once the citizens can no longer afford to buy so many government bonds Wholesale Nike React Element 87 Youth , there will be risks of default.
Zhu said that in an effort to solve the financial deficit, hiking the consumption tax rate has been considered. The Abe administration has raised the consumption tax rate from 5 percent to 8 percent, but the plan to further raise it to 10 percent has been delayed multiple times.
LIMITED POTENTIAL GROWTH
Analysts also pointed out that the deeper risks to the Japanese economy lie in the limits of potential growth due to a labor shortage among other factors.
Zhu Yan pointed out that the labor supply in Japan has seemingly increased in recent years, but it was mainly caused by more elderly people aged above 65 being em. Cheap Jerseys Wholesale Cheap Wholesale Jerseys Cheap NFL Jerseys Cheap NBA Jerseys From China Cheap MLB Jerseys Cheap Wholesale College Jerseys Cheap NHL Jerseys From China Cheap NBA Jerseys Wholeasale Cheap MLB Jerseys Wholesale Wholesale NFL Jerseys Cheap
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