May 31 released a series of economic data show that the disaster the country's further economic decline. The Japanese Government announced in April the country's industrial output chain growth by 1.0% World Pipe network informed, less than the 2.8 percent economists had expected. The Japanese government said, affected by the earthquake, the industrial output is still at a low level.
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In addition to a seasonally adjusted April unemployment rate was 4.7%, rose 0.1 percentage points. April, the total number of fully unemployed 309 million, reduced by 30 million compared to last year, but the chain increased by 5 million people.
international rating agencies Moody's Investors Service announced May 31 that the Japanese Government currency and foreign currency bonds Aa2 rating on negative watch list. Decided not to affect Japan's Aaa local currency and foreign currency bond rating and bank deposits, the highest rating.
Moody's said, the lack of effective economic strategy for Japan's reconstruction, while the lack of a stable political environment, this condition if not promptly change, Japan's government debt levels will be more than other developed countries World steel pipe network editing , and further increased substantially. Moody's said Japan's government debt is unlikely to short-term funding crisis, but long-term pressure will be gradually accumulated, when debt levels reach a certain height, the market risk premium will be added to the price of government bonds system Japan's government debt will make matters worse the situation, and bring new impact to the global economic environment of the post-crisis period.
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Moody's rating report, the negative impact of the earthquake disaster occurred on March 11 on the Japanese economy and financial substantially more than previously expected Japan's economic downside risks are increasing, the lack of core policy response capabilities and uncertain economic growth prospects, and pose serious challenges to the Government of Japan completed the goal of deficit reduction.