Apophis

The Asteroid Apophis Is So Much Cooler Than Japan's Economic Plans

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Apophis

Cooler Than Japan's Plan

Under political pressure, Japan's fledgling government published some economic goals today that it will apparently work diligently to solidify by June… Did the new Japanese PM never hear the phrase, "haste makes waste?" In any event, Mr. Yukio Hatoyama is targeting 2% annual GDP growth over the next ten years, perfectly fitting the new decade with his forecast. Nice touch… we give him an "A" for effort, but the growth target set forth is also a logical match for normal population growth, and it's a conservative yet inflation conscious target as well. But for a nation where growth has been absent for three years, we guess that will do. The government sees 1.4% GDP expansion in 2010.

China is breathing up Japan's GDP neck. After surpassing Germany at the last straight-away, China could soon become the second largest economy in the world in passing Japan. That ranking ignores the Europeans of course, who cheat; and fearing an inconsequential future, have since declared themselves a united economy. Cheesy Europeans…

Anyway, the Japanese are keenly aware of, and perhaps a tad jealous of, their Chinese counterparts. As a result, Yuki says Japan will seek to lessen its dependence on the old country, as it is known to Japanese teenagers - the American market to the rest of us. In fact, Japan will embrace its historical foe in China and look toward setting up an Asian free-trade zone/union by 2020.

Japan's expansionary plans are targeting those trendy sectors all the cool countries like, including alternative energy and heath care. Boring! Why can't someone be original already! Wait a second, I just read the Russians are planning to spend "several hundred million dollars" (spoken like Dr. Evil) to knock the asteroid Apophis off course, even though it's not supposed to hit the earth (according to NASA thugs).

Anyway, Japan thinks its new ideas will create 4.2 million jobs over the same time span. I guess that's cool too.

Editor's Note: Article should interest investors in NYSE: JEQ, NYSE: JOF, Nasdaq:IIJI, Nasdaq: VGAAX, Nasdaq: IJIIX, Nasdaq: DFJSX, Nasdaq: PJSIX, NYSE: FXY, NYSE: JYF, NYSE: DIA, NYSE: SPY, Nasdaq: QQQQ


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