Japanese experts believe that the decline in the United States increases the downward pressure on the world economy

Xinhua News Agency, Tokyo, August 5th (Reporter Liu Chunyan) According to data released by the US Department of Commerce recently, the US economy has grown negatively for two consecutive quarters this year, and has fallen into a technical decline. Japanese media and experts believe that the Fed's radical interest rate hikes have led to the rapid cooling of the US economy and increasing downward pressure on the global economy.

"Japan Economic News" reported that in order to avoid labels that have been labeled by policy failure before the mid -November election, senior US government officials have firmly denied that the economy has fallen into recession, but since 1949 It is officially identified as economic recession.

Several Japanese economists pointed out that the confidence of American consumers has deteriorated sharply due to the soaring inflation. After the Fed's continuous interest rate hikes, personal consumption slowed down, equipment investment declined, residential investment plummeted, industrial production data also showed weakness, and the US economy was rapidly cooling.

Researcher Oku Hao, a researcher at the Japanese Institute of Nature, pointed out that in the second quarter of the United States, economic growth was lower than market expectations, and the slowdown of folk demand was very obvious.

Yomura Securities Economist Yu Gong Aizhi believes that the Federal Reserve mistakenly thought that the supply would not be long -term, and missed the chance of raising interest rates in advance, which led to the continuous rise of inflation this year, a 40 -year high, and finally forced to adopt a radical interest rate hike policy. The Federal Reserve's interest rate hikes may continue until February next year, and the US economic recession may last until the end of next year.

Japanese media and experts believe that in the context of high energy prices, continuous Ukraine crisis, and the global economy facing multiple downward risks, the Fed's radical monetary policy has a negative impact on the world economy. It impacts developed economies such as Japan.

According to the data released by the Japan Economic News Agency recently, as one of the advance indicators of the Japanese cabinet government's prosperity judgment, the Nikkei product index ended in July for 26 consecutive months of rising momentum, and has fallen for the first time since the end of April 2020.

Since the beginning of this year, the yen has depreciated by about 20%of the US dollar, further magnifying the impact of energy increases on the Japanese economy. Japan's domestic prices rose rapidly, and the core inflation index rose year -on -year for 10 consecutive months; personal consumption was suppressed, and family consumption expenditure fell year -on -year. In view of the fact that the world economy is facing a downlink risk, the decline in foreign demand will make the environment of the Japanese economy more severe. The Japanese Cabinet House has recently reduced the expected economic growth of the fiscal year from 3.2%to 2%at the beginning of the year.

[Editor in charge: Wang Jianing]

- END -