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Financial Articles
Translation agencies
Japanese-English business translations
Some clients evaluate J-E translators by how well they speak Japanese. This may make sense if you want to translate, say, Banana Yoshimoto's Kitchen. But for most technical subjects, a strong background in the subject is as important as language skills. I have that experience. I'm an MBA/CPA; I've spent ten years working for investment banking, accounting, and investor relations firms in both Tokyo and New York; and I've worked with both Japanese and American managers.
To view a sample of the original Japanese text, please open NikkeiJap.gif
NEGATIVE GROWTH FORECAST FOR MARCH QUARTER (1998)
JERC Predicts Annualized 1.7% Drop
1. The Japan Economic Research Center (Toshida Seiichi, Chairman), has issued its near short-term GDP forecast, which it completed on January 28th. The JERC expects GDP for the March quarter will be down 0.4% from the prior period, or an annualized rate of 1.7%. The decline is due to the chillier economic atmosphere for both companies and consumers in the wake of big bankruptcies of financial companies (including Yamaichi Securities), which have come in succession since November of last year.
2. Growth in the December quarter of 1997 is estimated to have increased 0.3% from the prior period, or an annualized rate of 1.3%. Based on the JERC's GDP estimates, coupled with announced growth for the first half of fiscal 1997 by the Economic Planning Agency, GDP for the full-year will be down 0.2% -- the first time in 23 years since 1974 that growth will be negative.
3. In the December quarter of 1997, individual consumption rose a slack 0.3%, as end-of--year spending was curtailed by consumer uncertainty. Private-sector housing investment fell 2.7%, the fourth straight quarter of negative outlays. Private-sector capital investment is anticipated to have grown 0.8%.
4. While private housing investment in the March quarter is expected to be up for the first time in five quarters, consumer spending is forecast to drop 0.2%. Private capital investment is also expected to decline -- 0.6% -- for the first time in three quarters. Outlays for public construction projects should decrease in both the December and March periods.
5. Mr. Jun Saitoh, head researcher at the JERC, says, "Because of the financial sector stabilization policy and other economic measures, the economy won't plummet, but the strength of the recovery should be weak for the time being."
Chiyoda Life Predicts 0.3% Decline in GDP
6. On January 28th, Chiyoda Life announced its forecast for fiscal 1998 GDP. Spending by the Japanese government is expected to decline because of (1) financial reforms it has made, and (2) reduced exports stemming from economic turmoil in Asia. Even with the impact of the two-trillion yen tax-cut, overall GNP growth should be only 0.3% or less.
To view a sample of the original Japanese text, please open NikkeiJap.gif
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