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	<title>recession Archives - HopeGirl Blog</title>
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		<title>Are We in a Free Speech Recession?</title>
		<link>https://www.hopegirlblog.com/2026/03/10/are-we-in-a-free-speech-recession/</link>
					<comments>https://www.hopegirlblog.com/2026/03/10/are-we-in-a-free-speech-recession/#respond</comments>
		
		<dc:creator><![CDATA[Hope]]></dc:creator>
		<pubDate>Tue, 10 Mar 2026 23:59:00 +0000</pubDate>
				<category><![CDATA[ALTERNATIVE NEWS]]></category>
		<category><![CDATA[free]]></category>
		<category><![CDATA[recession]]></category>
		<category><![CDATA[speech]]></category>
		<guid isPermaLink="false">https://www.hopegirlblog.com/?p=21439</guid>

					<description><![CDATA[<img width="300" height="180" src="https://www.hopegirlblog.com/wp-content/uploads/2026/03/free-speech-recession.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="free speech recession" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" decoding="async" loading="lazy" /><p>For years, debates over hate speech laws have been framed as moral disputes about civility and protection. Increasingly, however, they are becoming legal and political battles over the limits of “free” expression in democratic societies. </p>
<p>The post <a href="https://www.hopegirlblog.com/2026/03/10/are-we-in-a-free-speech-recession/">Are We in a Free Speech Recession?</a> appeared first on <a href="https://www.hopegirlblog.com">HopeGirl Blog</a>.</p>
]]></description>
										<content:encoded><![CDATA[<img width="300" height="180" src="https://www.hopegirlblog.com/wp-content/uploads/2026/03/free-speech-recession.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="free speech recession" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" decoding="async" loading="lazy" />
<p class="wp-block-paragraph">For years, debates over hate speech laws have been framed as moral disputes about civility and protection. Increasingly, however, they are becoming legal and political battles over the limits of “free” expression in democratic societies.&nbsp;</p>



<p class="wp-block-paragraph">A report by the Future of Free Speech project, titled&nbsp;<a href="https://futurefreespeech.org/the-free-speech-recession-hits-home/" target="_blank" rel="noreferrer noopener"><em>The Free Speech Recession Hits Home</em></a>, argues that established democracies are experiencing measurable declines in protections for speech once considered firmly safeguarded. The report contends that restrictions once associated primarily with authoritarian regimes are now expanding across Western countries under the banner of combating hate, misinformation, and extremism.&nbsp;</p>



<p class="wp-block-paragraph">Hate speech laws are being broadly interpreted all over the Western world, and their continued expansion is reshaping the boundaries of lawful expression.&nbsp;</p>



<figure class="wp-block-image"><img decoding="async" src="https://expose-news.com/wp-content/uploads/2026/03/The-War-Against-Free-Speech-Continues-Worldwide-1024x683.png" alt="The global war against free speech continues" class="wp-image-379488" title="The global war against free speech continues - The Expose"/><figcaption class="wp-element-caption">The global war against free speech continues</figcaption></figure>



<h3 class="wp-block-heading">The Dangerous Global Free Speech Trend</h3>



<p class="wp-block-paragraph">The Future of Free Speech report documents what it describes as a “recession” in expressive liberty within democratic states. According to the findings, more than half of the world’s democracies have seen a decline in protections for speech in recent years, particularly in areas related to hate speech, disinformation, and offensive expression.&nbsp;</p>



<p class="wp-block-paragraph">The report highlights that while Western Europe has long maintained hate speech statutes, enforcement intensity and definitional scope have broadened. In several countries, the threshold for what constitutes unlawful speech has shifted from direct incitement to broader categories such as insult, denigration, or emotional harm.&nbsp;</p>



<p class="wp-block-paragraph">The organization’s earlier 2020&nbsp;<a href="https://futurefreespeech.org/wp-content/uploads/2020/11/Report_Global-Handbook-on-Hate-Speech-Laws.pdf" target="_blank" rel="noreferrer noopener"><em>Global Handbook on Hate Speech Laws</em></a>&nbsp;catalogues dozens of&nbsp;jurisdictions&nbsp;with criminal penalties for speech&nbsp;deemed&nbsp;hateful, blasphemous, or defamatory, noting wide variation in definitions and enforcement standards.&nbsp;</p>



<p class="wp-block-paragraph">The cumulative effect, according to the researchers, is a tightening legal environment in which individuals face increasing uncertainty over what speech may trigger prosecution.&nbsp;</p>



<h3 class="wp-block-heading">Chile: Journalist Convicted For Highlighting an Official’s “Excessive Pay”</h3>



<p class="wp-block-paragraph">Chile&nbsp;provides&nbsp;a recent example of how restrictions can surface outside Europe and North America. In January 2023, journalist Felipe Soto&nbsp;<a href="https://cpj.org/2023/01/chilean-journalist-felipe-soto-convicted-criminal-defamation/" target="_blank" rel="noreferrer noopener">was convicted</a>&nbsp;of criminal defamation after reporting on what he described as “excessive pay” received by a public official.&nbsp;</p>



<p class="wp-block-paragraph">According to the Committee to Protect Journalists, Soto was found guilty under Chile’s criminal defamation laws and sentenced to a suspended jail term and fines.&nbsp;</p>



<p class="wp-block-paragraph">Chile is widely regarded as a functioning democracy with competitive elections and a free press tradition. Yet the use of criminal defamation statutes against a journalist for reporting on public compensation levels underscores how legal mechanisms designed to protect reputations can be deployed in ways that chill investigative reporting.&nbsp;</p>



<p class="wp-block-paragraph">Free speech advocates argue that civil remedies exist for reputational disputes and that criminal penalties introduce a punitive dimension that risks deterring legitimate scrutiny of public officials.&nbsp;</p>



<h3 class="wp-block-heading">Denmark: Blasphemy Protections Return</h3>



<p class="wp-block-paragraph">In 2023, Denmark&nbsp;<a href="https://via.ritzau.dk/pressemeddelelse/13739067/the-danish-government-introduces-legislation-to-take-action-against-systematic-denigration-of-religious-scriptures" target="_blank" rel="noreferrer noopener">introduced legislation</a>&nbsp;to criminalize the “inappropriate treatment” of religious scriptures, effectively reviving protections reminiscent of the country’s former blasphemy law, which had been abolished in 2017.&nbsp;</p>



<p class="wp-block-paragraph">The Danish government framed the move as necessary to prevent systematic denigration of religious texts and to protect national security in the wake of Quran-burning incidents.&nbsp;</p>



<p class="wp-block-paragraph">Critics countered&nbsp;that reinstating penalties&nbsp;for actions involving religious texts marked a reversal in a country previously celebrated for liberal expression norms. The debate in Denmark illustrates how speech restrictions can be justified as pragmatic responses to security concerns, even in societies with strong free speech traditions.&nbsp;</p>



<p class="wp-block-paragraph">The Future of Free Speech report&nbsp;identifies&nbsp;similar patterns across several democracies, where speech controls expand incrementally under pressure from social unrest or diplomatic tensions.&nbsp;</p>



<h3 class="wp-block-heading">Canada: Expanding the Scope of “Coercive” Speech</h3>



<p class="wp-block-paragraph">Canada has also become a focal point in discussions about the trajectory of hate speech regulation. Proposed legislation, including Bill C-16 and more recently Bill C-9, has generated debate over the boundaries of protected expression and the scope of state authority.&nbsp;</p>



<p class="wp-block-paragraph"><a href="https://www.lifesitenews.com/blogs/carney-liberals-push-bill-c-16-that-could-criminalize-normal-family-conversations/" target="_blank" rel="noreferrer noopener">LifeSiteNews</a>&nbsp;reports that proposed expansions under Bill C-16 would broaden the definition of “coercive or controlling conduct” to include certain non-violent&nbsp;behaviours.&nbsp;</p>



<p class="wp-block-paragraph">According to Member of Parliament Leslyn Lewis, the proposal “criminalizes a pattern of otherwise lawful and often common behaviour that may later be perceived as threatening by an intimate partner.” She further warned that “ordinary family interactions could be re-interpreted as criminal after the fact.”&nbsp;</p>



<p class="wp-block-paragraph">Examples cited include questioning a spouse about returning home late, expressing concern over alcohol consumption, disagreements over finances, or enforcing parental boundaries with children.&nbsp;</p>



<p class="wp-block-paragraph">Supporters of the legislation argue that expanded definitions are necessary to address coercive control in domestic abuse situations. Critics&nbsp;maintain&nbsp;that vague or retroactive interpretations risk criminalizing ordinary speech and private disputes.&nbsp;</p>



<p class="wp-block-paragraph">The Canadian debate reflects a broader trend&nbsp;identified&nbsp;in the Future of Free Speech report, where governments increasingly rely on categories such as hate speech, disinformation, or psychological harm to justify regulatory expansion.&nbsp;</p>



<h3 class="wp-block-heading">A Broader Free Speech Pattern Across Democracies</h3>



<p class="wp-block-paragraph">The 2020&nbsp;<em>Global Handbook on Hate Speech Laws</em>&nbsp;documents that many democracies now impose criminal penalties for speech that insults groups defined by race, religion, gender identity, or sexual orientation. The authors note that while such laws aim to reduce discrimination and violence, they also create enforcement discretion that can be politically contentious.&nbsp;</p>



<p class="wp-block-paragraph">In parallel, governments have introduced or expanded regulations targeting “terroristic content” and “disinformation,” often granting authorities the power to remove or penalize speech&nbsp;deemed&nbsp;harmful to public order.&nbsp;</p>



<p class="wp-block-paragraph">The Future of Free Speech report concludes that while no single country has abandoned free expression entirely, the cumulative direction across democracies points toward increased regulation and narrower margins for controversial or unpopular speech.&nbsp;</p>



<h3 class="wp-block-heading">Final Thought</h3>



<p class="wp-block-paragraph">The debate surrounding hate speech laws is&nbsp;frequently&nbsp;presented as a tension between safeguarding vulnerable communities and preserving long-standing protections for free expression. However, the evidence compiled in recent research suggests that the legal boundaries of speech in democratic societies are evolving in measurable ways.&nbsp;</p>



<p class="wp-block-paragraph">Legislative changes in Denmark, criminal defamation cases in Chile, and proposed statutory expansions in Canada illustrate how governments are redefining the scope of permissible expression. In each instance, the stated&nbsp;objective&nbsp;is to address harm, discrimination, or social instability. Yet the broader consequence is a gradual recalibration of how speech is regulated within systems historically committed to robust expressive freedoms.&nbsp;</p>



<p class="wp-block-paragraph">Whether this trajectory&nbsp;represents&nbsp;prudent legal adaptation or a sustained contraction of liberal speech norms will depend on how narrowly these laws are drafted, how consistently they are applied, and how rigorously courts defend constitutional protections. What is beyond dispute is that the parameters of lawful expression in Western democracies are under active revision, and the long-term implications of that revision remain unsettled.&nbsp;</p>



<p class="wp-block-paragraph">Source:<a href="https://thepeoplesvoice.tv/epstein-files-reveal-elite-are-murdering-free-energy-scientists-to-keep-humanity-enslaved/"> </a><a href="https://theexposenews.com/2026/03/03/are-we-in-a-free-speech-recession/">https://theexposenews.com/2026/03/03/are-we-in-a-free-speech-recession/</a></p>



<p class="wp-block-paragraph">Bitchute:&nbsp;<a href="https://www.bitchute.com/channel/YBM3rvf5ydDM/" target="_blank" rel="noreferrer noopener">https://www.bitchute.com/channel/YBM3rvf5ydDM/</a></p>



<p class="wp-block-paragraph">Gab:&nbsp;<a href="https://gab.com/hopegirl" target="_blank" rel="noreferrer noopener">https://gab.com/hopegirl</a></p>



<p class="wp-block-paragraph">Telegram:&nbsp;<a href="https://t.me/Hopegirl587" target="_blank" rel="noreferrer noopener">https://t.me/Hopegirl587</a></p>



<p class="wp-block-paragraph">EMF Protection Products:&nbsp;<a href="http://www.ftwproject.com" target="_blank" rel="noreferrer noopener">www.ftwproject.com</a></p>



<p class="wp-block-paragraph">QEG Clean Energy Academy:&nbsp;<a href="http://www.cleanenergyacademy.com" target="_blank" rel="noreferrer noopener">www.cleanenergyacademy.com</a></p>



<p class="wp-block-paragraph"></p>
<p>The post <a href="https://www.hopegirlblog.com/2026/03/10/are-we-in-a-free-speech-recession/">Are We in a Free Speech Recession?</a> appeared first on <a href="https://www.hopegirlblog.com">HopeGirl Blog</a>.</p>
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		<post-id xmlns="com-wordpress:feed-additions:1">21439</post-id>	</item>
		<item>
		<title>Waltz Out, Recession Fears, &#038; RFK Jr.&#8217;s Vaccine Truth Bombs &#8211; Daily Pulse Ep 16</title>
		<link>https://www.hopegirlblog.com/2025/05/05/waltz-out-recession-fears-rfk-jr-s-vaccine-truth-bombs-daily-pulse-ep-16/</link>
					<comments>https://www.hopegirlblog.com/2025/05/05/waltz-out-recession-fears-rfk-jr-s-vaccine-truth-bombs-daily-pulse-ep-16/#respond</comments>
		
		<dc:creator><![CDATA[Hope]]></dc:creator>
		<pubDate>Mon, 05 May 2025 16:00:27 +0000</pubDate>
				<category><![CDATA[ALTERNATIVE NEWS]]></category>
		<category><![CDATA[bombs]]></category>
		<category><![CDATA[Daily Pulse]]></category>
		<category><![CDATA[Ep 16]]></category>
		<category><![CDATA[fears]]></category>
		<category><![CDATA[Out]]></category>
		<category><![CDATA[recession]]></category>
		<category><![CDATA[RFK Jr.]]></category>
		<category><![CDATA[truth]]></category>
		<category><![CDATA[vaccine]]></category>
		<category><![CDATA[Waltz]]></category>
		<guid isPermaLink="false">https://www.hopegirlblog.com/?p=17656</guid>

					<description><![CDATA[<img width="300" height="155" src="https://www.hopegirlblog.com/wp-content/uploads/2025/05/walz-out-300x155.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="walz out" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" decoding="async" loading="lazy" /><p>Mike Waltz’s exit sparks panic among Iran war hawks, with Steve Witkoff facing attacks as a potential replacement as Trump resists war. Economists warn of a 60% recession chance and dollar collapse, but Dr. Kirk Elliot predicts recovery after pain. RFK Jr. claims HHS as responsible for child trafficking and pushes to protect children, dropping truth bombs about measles.</p>
<p>The post <a href="https://www.hopegirlblog.com/2025/05/05/waltz-out-recession-fears-rfk-jr-s-vaccine-truth-bombs-daily-pulse-ep-16/">Waltz Out, Recession Fears, &#038; RFK Jr.&#8217;s Vaccine Truth Bombs &#8211; Daily Pulse Ep 16</a> appeared first on <a href="https://www.hopegirlblog.com">HopeGirl Blog</a>.</p>
]]></description>
										<content:encoded><![CDATA[<img width="300" height="155" src="https://www.hopegirlblog.com/wp-content/uploads/2025/05/walz-out-300x155.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="walz out" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" decoding="async" loading="lazy" /><p class="media-description media-description--first">Mike Waltz’s exit sparks panic among Iran war hawks, with Steve Witkoff facing attacks as a potential replacement as Trump resists war. Economists warn of a 60% recession chance and dollar collapse, but Dr. Kirk Elliot predicts recovery after pain. RFK Jr. claims HHS as responsible for child trafficking and pushes to protect children, dropping truth bombs about measles.</p>
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<p>Source:  <a href="https://rumble.com/v6su58j-waltz-out-recession-fears-and-rfk-jr.s-vaccine-truth-bombs-daily-pulse-ep-1.html?e9s=src_v1_upp" target="_blank" rel="noopener noreferrer">https://rumble.com/v6su58j-waltz-out-recession-fears-and-rfk-jr.s-vaccine-truth-bombs-daily-pulse-ep-1.html?e9s=src_v1_upp</a></p>
<p>Bitchute: <a href="https://www.bitchute.com/channel/YBM3rvf5ydDM/" target="_blank" rel="noopener noreferrer">https://www.bi,tchut,e.com/channel/YBM3rvf5ydDM/</a></p>
<p>Gab: <a href="https://gab.com/hopegirl" target="_blank" rel="noopener noreferrer">https://gab.com/hopegirl</a></p>
<p>Telegram: <a href="https://t.me/Hopegirl587" target="_blank" rel="noopener noreferrer">https://t.me/Hopegirl587</a></p>
<p>EMF Protection Products: <a href="http://www.ftwproject.com" target="_blank" rel="noopener noreferrer">www.ftwproject.com</a></p>
<p>QEG Clean Energy Academy: <a href="http://www.cleanenergyacademy.com" target="_blank" rel="noopener noreferrer">www.cleanenergyacademy.com</a></p>
<p>Forbidden Tech Book: <a href="http://www.forbiddentech.website" target="_blank" rel="noopener noreferrer">www.forbiddentech.website</a></p>
<p>The post <a href="https://www.hopegirlblog.com/2025/05/05/waltz-out-recession-fears-rfk-jr-s-vaccine-truth-bombs-daily-pulse-ep-16/">Waltz Out, Recession Fears, &#038; RFK Jr.&#8217;s Vaccine Truth Bombs &#8211; Daily Pulse Ep 16</a> appeared first on <a href="https://www.hopegirlblog.com">HopeGirl Blog</a>.</p>
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		<post-id xmlns="com-wordpress:feed-additions:1">17656</post-id>	</item>
		<item>
		<title>Japan unexpectedly slips into recession, Germany now world&#8217;s third-biggest economy</title>
		<link>https://www.hopegirlblog.com/2024/02/22/japan-unexpectedly-slips-into-recession-germany-now-worlds-third-biggest-economy/</link>
					<comments>https://www.hopegirlblog.com/2024/02/22/japan-unexpectedly-slips-into-recession-germany-now-worlds-third-biggest-economy/#respond</comments>
		
		<dc:creator><![CDATA[Hope]]></dc:creator>
		<pubDate>Thu, 22 Feb 2024 18:00:27 +0000</pubDate>
				<category><![CDATA[ALTERNATIVE NEWS]]></category>
		<category><![CDATA[economy]]></category>
		<category><![CDATA[Germany]]></category>
		<category><![CDATA[japan]]></category>
		<category><![CDATA[recession]]></category>
		<category><![CDATA[third-biggest]]></category>
		<guid isPermaLink="false">https://www.hopegirlblog.com/?p=13485</guid>

					<description><![CDATA[<p>TOKYO, Feb 15 (Reuters) - Japan unexpectedly slipped into a recession at the end of last year, losing its title as the world's third-biggest economy to Germany and raising doubts about when the central bank would begin to exit its decade-long ultra-loose monetary policy.</p>
<p>The post <a href="https://www.hopegirlblog.com/2024/02/22/japan-unexpectedly-slips-into-recession-germany-now-worlds-third-biggest-economy/">Japan unexpectedly slips into recession, Germany now world&#8217;s third-biggest economy</a> appeared first on <a href="https://www.hopegirlblog.com">HopeGirl Blog</a>.</p>
]]></description>
										<content:encoded><![CDATA[<div class="context-widget__container__3fXK0 article-body__context_widget__1xxEe">
<div class="context-widget__content__1X4Oq">
<ul class="summary__summary__31feP">
<li class="text__text__1FZLe text__dark-grey__3Ml43 text__regular__2N1Xr text__small__1kGq2 body__base__22dCE body__small_body__2vQyf summary__point__NO-2F" data-testid="Body">Japan&#8217;s GDP shrinks for two straight quarters</li>
<li class="text__text__1FZLe text__dark-grey__3Ml43 text__regular__2N1Xr text__small__1kGq2 body__base__22dCE body__small_body__2vQyf summary__point__NO-2F" data-testid="Body">Frail consumption, capital spending point to challenging outlook</li>
<li class="text__text__1FZLe text__dark-grey__3Ml43 text__regular__2N1Xr text__small__1kGq2 body__base__22dCE body__small_body__2vQyf summary__point__NO-2F" data-testid="Body">Supply constraints may be delaying execution of spending plans</li>
<li class="text__text__1FZLe text__dark-grey__3Ml43 text__regular__2N1Xr text__small__1kGq2 body__base__22dCE body__small_body__2vQyf summary__point__NO-2F" data-testid="Body">Some analysts push back bets of an early exit to negative rates</li>
</ul>
</div>
</div>
<div class="text__text__1FZLe text__dark-grey__3Ml43 text__regular__2N1Xr text__small__1kGq2 body__full_width__ekUdw body__small_body__2vQyf article-body__paragraph__2-BtD" data-testid="paragraph-0">TOKYO, Feb 15 (Reuters) &#8211; Japan unexpectedly slipped into a recession at the end of last year, losing its title as the world&#8217;s third-biggest economy to Germany and raising doubts about when the central bank would begin to exit its decade-long ultra-loose monetary policy.</div>
<div class="text__text__1FZLe text__dark-grey__3Ml43 text__regular__2N1Xr text__small__1kGq2 body__full_width__ekUdw body__small_body__2vQyf article-body__paragraph__2-BtD" data-testid="paragraph-1">Some analysts are warning of another contraction in the current quarter as weak demand in China, sluggish consumption and production halts at a unit of Toyota Motor Corp <a class="text__text__1FZLe text__inherit-color__3208F text__inherit-font__1Y8w3 text__inherit-size__1DZJi link__link__3Ji6W link__underline_default__2prE_ link__with-icon__3x3oD" href="https://www.reuters.com/markets/companies/7203.T" target="_blank" rel="noopener noreferrer" data-testid="Link">(7203.T), opens new tab</a> all point to a challenging path to an economic recovery.</div>
<div data-testid="paragraph-1"></div>
<div data-testid="paragraph-1">
<div class="text__text__1FZLe text__dark-grey__3Ml43 text__regular__2N1Xr text__small__1kGq2 body__full_width__ekUdw body__small_body__2vQyf article-body__paragraph__2-BtD" data-testid="paragraph-2">&#8220;What&#8217;s particularly striking is the sluggishness in consumption and capital expenditure that are key pillars of domestic demand,&#8221; said Yoshiki Shinke, senior executive economist at Dai-ichi Life Research Institute.</div>
<div class="text__text__1FZLe text__dark-grey__3Ml43 text__regular__2N1Xr text__small__1kGq2 body__full_width__ekUdw body__small_body__2vQyf article-body__paragraph__2-BtD" data-testid="paragraph-3">&#8220;The economy will continue to lack momentum for the time being with no key drivers of growth.&#8221;</div>
<div class="text__text__1FZLe text__dark-grey__3Ml43 text__regular__2N1Xr text__small__1kGq2 body__full_width__ekUdw body__small_body__2vQyf article-body__paragraph__2-BtD" data-testid="paragraph-4">Japan&#8217;s gross domestic product (GDP) fell an annualised 0.4% in the October-December period after a 3.3% slump in the previous quarter, government data showed on Thursday, confounding market forecasts for a 1.4% increase.</div>
</div>
<div data-testid="paragraph-4"></div>
<div data-testid="paragraph-4">
<div class="text__text__1FZLe text__dark-grey__3Ml43 text__regular__2N1Xr text__small__1kGq2 body__full_width__ekUdw body__small_body__2vQyf article-body__paragraph__2-BtD" data-testid="paragraph-5">Two consecutive quarters of contraction are typically considered the definition of a technical recession.</div>
<div class="text__text__1FZLe text__dark-grey__3Ml43 text__regular__2N1Xr text__small__1kGq2 body__full_width__ekUdw body__small_body__2vQyf article-body__paragraph__2-BtD" data-testid="paragraph-6">While many analysts still expect the Bank of Japan to phase out its massive monetary stimulus this year, the weak data may cast doubt on its forecast that rising wages will underpin consumption and keep inflation durably around its 2% target.</div>
<div class="text__text__1FZLe text__dark-grey__3Ml43 text__regular__2N1Xr text__small__1kGq2 body__full_width__ekUdw body__small_body__2vQyf article-body__paragraph__2-BtD" data-testid="paragraph-7">&#8220;Two consecutive declines in GDP and three consecutive declines in domestic demand are bad news, even if revisions may change the final numbers at the margin,&#8221; said Stephan Angrick, senior economist at Moody&#8217;s Analytics.</div>
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<div class="text__text__1FZLe text__dark-grey__3Ml43 text__regular__2N1Xr text__small__1kGq2 body__full_width__ekUdw body__small_body__2vQyf article-body__paragraph__2-BtD" data-testid="paragraph-8">&#8220;This makes it harder for the central bank to justify a rate hike, let alone a series of hikes.&#8221;</div>
<div class="text__text__1FZLe text__dark-grey__3Ml43 text__regular__2N1Xr text__small__1kGq2 body__full_width__ekUdw body__small_body__2vQyf article-body__paragraph__2-BtD" data-testid="paragraph-9">Economy minister Yoshitaka Shindo stressed the need to achieve solid wage growth to underpin consumption, which he described as &#8220;lacking momentum&#8221; due to rising prices.</div>
<div class="text__text__1FZLe text__dark-grey__3Ml43 text__regular__2N1Xr text__small__1kGq2 body__full_width__ekUdw body__small_body__2vQyf article-body__paragraph__2-BtD" data-testid="paragraph-10">&#8220;Our understanding is that the BOJ looks comprehensively at various data, including consumption, and risks to the economy in guiding monetary policy,&#8221; he told a news conference after the data&#8217;s release, when asked about the impact on BOJ policy.</div>
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<div class="text__text__1FZLe text__dark-grey__3Ml43 text__regular__2N1Xr text__small__1kGq2 body__full_width__ekUdw body__small_body__2vQyf article-body__paragraph__2-BtD" data-testid="paragraph-11">The yen was steady after the data and last stood at 150.22 per dollar, pinned near a three-month low hit earlier in the week.</div>
<div class="text__text__1FZLe text__dark-grey__3Ml43 text__regular__2N1Xr text__small__1kGq2 body__full_width__ekUdw body__small_body__2vQyf article-body__paragraph__2-BtD" data-testid="paragraph-12">Yields on Japanese government bonds fell after the data as some traders pushed back bets of an early BOJ policy shift. The benchmark 10-year yield slid 4 basis points to 0.715%. The Nikkei <a class="text__text__1FZLe text__inherit-color__3208F text__inherit-font__1Y8w3 text__inherit-size__1DZJi link__link__3Ji6W link__underline_default__2prE_ link__with-icon__3x3oD" href="https://www.reuters.com/markets/quote/.N225" target="_blank" rel="noopener noreferrer" data-testid="Link">(.N225), opens new tab</a> stock average rallied to 34-year highs, with the data further underpinning <a class="text__text__1FZLe text__inherit-color__3208F text__inherit-font__1Y8w3 text__inherit-size__1DZJi link__link__3Ji6W link__underline_default__2prE_" href="https://www.reuters.com/markets/asia/bojs-uchida-rules-out-big-rate-hikes-after-ending-negative-rates-2024-02-08/" data-testid="Link">recent reassurances</a> from the BOJ that borrowing costs will stay low even after ending negative rates.</div>
<div class="text__text__1FZLe text__dark-grey__3Ml43 text__regular__2N1Xr text__small__1kGq2 body__full_width__ekUdw body__small_body__2vQyf article-body__paragraph__2-BtD" data-testid="paragraph-13">&#8220;Weak domestic demand makes it hard for the BOJ to pivot towards monetary tightening,&#8221; said Naomi Muguruma, chief bond strategist at Mitsubishi UFJ Morgan Stanley Securities. &#8220;The hurdle for ending negative rates in March has risen.&#8221;</div>
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<div class="text__text__1FZLe text__dark-grey__3Ml43 text__regular__2N1Xr text__small__1kGq2 body__full_width__ekUdw body__small_body__2vQyf article-body__paragraph__2-BtD" data-testid="paragraph-14">Japan&#8217;s nominal GDP stood at $4.21 trillion in 2023, falling below $4.46 trillion for Germany to rank as the world&#8217;s fourth largest economy, the data showed.</div>
<h2 class="text__text__1FZLe text__dark-grey__3Ml43 text__medium__1kbOh text__heading_6__1qUJ5 heading__base__2T28j heading__heading_6__RtD9P article-body__heading__33EIm" data-testid="Heading">CONSUMPTION, CAPEX WEAK</h2>
<div class="text__text__1FZLe text__dark-grey__3Ml43 text__regular__2N1Xr text__small__1kGq2 body__full_width__ekUdw body__small_body__2vQyf article-body__paragraph__2-BtD" data-testid="paragraph-15">Private consumption, which makes up more than half of economic activity, fell 0.2%, versus market forecasts for a 0.1% gain, as rising living costs and warm weather discouraged households from dining out and buying winter clothes.</div>
<div class="text__text__1FZLe text__dark-grey__3Ml43 text__regular__2N1Xr text__small__1kGq2 body__full_width__ekUdw body__small_body__2vQyf article-body__paragraph__2-BtD" data-testid="paragraph-16">Capital expenditure, another key private-sector growth engine, fell 0.1%, compared with forecasts of a 0.3% gain.</div>
<div class="text__text__1FZLe text__dark-grey__3Ml43 text__regular__2N1Xr text__small__1kGq2 body__full_width__ekUdw body__small_body__2vQyf article-body__paragraph__2-BtD" data-testid="paragraph-17">Both consumption and capital expenditure shrank for the third straight quarter.</div>
<div class="text__text__1FZLe text__dark-grey__3Ml43 text__regular__2N1Xr text__small__1kGq2 body__full_width__ekUdw body__small_body__2vQyf article-body__paragraph__2-BtD" data-testid="paragraph-18">Big companies expect to increase capital expenditure by hefty 13.5% in the year ending in March, a quarterly survey showed. But analysts point to a delay in actual investment due to rising raw material costs and labour shortages.</div>
<div class="text__text__1FZLe text__dark-grey__3Ml43 text__regular__2N1Xr text__small__1kGq2 body__full_width__ekUdw body__small_body__2vQyf article-body__paragraph__2-BtD" data-testid="paragraph-19">The most recent machinery orders data, regarded as a leading indicator of capital spending, showed a <a class="text__text__1FZLe text__inherit-color__3208F text__inherit-font__1Y8w3 text__inherit-size__1DZJi link__link__3Ji6W link__underline_default__2prE_" href="https://www.reuters.com/markets/asia/japan-nov-machinery-orders-fall-more-than-expected-2024-01-18/" data-testid="Link">contraction</a> in November and cast doubt on the BOJ&#8217;s view that robust investment will underpin the economy.</div>
<div class="text__text__1FZLe text__dark-grey__3Ml43 text__regular__2N1Xr text__small__1kGq2 body__full_width__ekUdw body__small_body__2vQyf article-body__paragraph__2-BtD" data-testid="paragraph-20">External demand, or exports minus imports, contributed 0.2 percentage point to GDP as exports rose 2.6% from the previous quarter.</div>
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</div><figcaption class="text__text__1FZLe text__medium-grey__3A_RT text__regular__2N1Xr text__ultra_small__37j9j body__base__22dCE body__ultra_small_body__1lUQl reuters-graphic__figcaption__1lRLn" data-testid="Body">Reuters Graphics</figcaption></figure>
<div class="text__text__1FZLe text__dark-grey__3Ml43 text__regular__2N1Xr text__small__1kGq2 body__full_width__ekUdw body__small_body__2vQyf article-body__paragraph__2-BtD" data-testid="paragraph-21">The BOJ has been laying the groundwork to end negative rates by April and overhaul other parts of its ultra-loose monetary framework, but is likely to go slow on any subsequent policy tightening amid lingering risks, sources have told <a class="text__text__1FZLe text__inherit-color__3208F text__inherit-font__1Y8w3 text__inherit-size__1DZJi link__link__3Ji6W link__underline_default__2prE_" href="https://www.reuters.com/markets/asia/boj-track-policy-shift-by-april-helped-by-wage-outlook-2024-02-05/" data-testid="Link">Reuters</a>.</div>
<div class="text__text__1FZLe text__dark-grey__3Ml43 text__regular__2N1Xr text__small__1kGq2 body__full_width__ekUdw body__small_body__2vQyf article-body__paragraph__2-BtD" data-testid="paragraph-22">An exit from accommodative policy would come at a time the U.S. Federal Reserve is pausing after aggressive interest rate hikes, and is <a class="text__text__1FZLe text__inherit-color__3208F text__inherit-font__1Y8w3 text__inherit-size__1DZJi link__link__3Ji6W link__underline_default__2prE_" href="https://www.reuters.com/markets/us/traders-bet-fed-wont-cut-rates-until-june-inflation-fails-cool-2024-02-13/" data-testid="Link">widely expected</a> to reduce borrowing costs this year.</div>
<div class="text__text__1FZLe text__dark-grey__3Ml43 text__regular__2N1Xr text__small__1kGq2 body__full_width__ekUdw body__small_body__2vQyf article-body__paragraph__2-BtD" data-testid="paragraph-23">The International Monetary Fund revised up its global growth forecast in <a class="text__text__1FZLe text__inherit-color__3208F text__inherit-font__1Y8w3 text__inherit-size__1DZJi link__link__3Ji6W link__underline_default__2prE_" href="https://www.reuters.com/world/imf-says-global-soft-landing-sight-raises-2024-economic-growth-outlook-2024-01-30/" data-testid="Link">January</a> as the outlook for the United States and China brightened, but warned of risks including geopolitical tensions in the Middle East.</div>
<div class="text__text__1FZLe text__dark-grey__3Ml43 text__regular__2N1Xr text__small__1kGq2 body__full_width__ekUdw body__small_body__2vQyf article-body__paragraph__2-BtD" data-testid="paragraph-24">While BOJ officials have not offered clues on when they could end negative rates, many market players expect it to happen either in March or April. A <a class="text__text__1FZLe text__inherit-color__3208F text__inherit-font__1Y8w3 text__inherit-size__1DZJi link__link__3Ji6W link__underline_default__2prE_" href="https://www.reuters.com/markets/asia/boj-governor-remarks-douse-chances-policy-tweak-jan-economists-2024-01-18/" data-testid="Link">Reuters poll</a> taken in January showed April as the top choice among economists for the negative rate policy to be abandoned.</div>
<div class="text__text__1FZLe text__dark-grey__3Ml43 text__regular__2N1Xr text__small__1kGq2 body__full_width__ekUdw body__small_body__2vQyf article-body__paragraph__2-BtD" data-testid="paragraph-25">Some analysts say Japan&#8217;s tight labour market and robust corporate spending plans are keeping alive the chance of an early exit from ultra-loose policy.</div>
<div class="text__text__1FZLe text__dark-grey__3Ml43 text__regular__2N1Xr text__small__1kGq2 body__full_width__ekUdw body__small_body__2vQyf article-body__paragraph__2-BtD" data-testid="paragraph-26">&#8220;The (BOJ) has been arguing that private consumption has &#8216;continued to increase moderately&#8217; and we suspect that it will continue to strike an optimistic tone at its upcoming meeting in March,&#8221; said Marcel Thieliant, head of Asia-Pacific at Capital Economics, sticking to his projection the bank will end its negative interest rate policy in April.</div>
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<p style="text-align: left;">Source:  <a href="https://www.reuters.com/markets/asia/japans-economy-slips-into-recession-weak-domestic-demand-2024-02-15/" target="_blank" rel="noopener noreferrer">https://www.reuters.com/markets/asia/japans-economy-slips-into-recession-weak-domestic-demand-2024-02-15/</a></p>
<p style="text-align: left;">Bitchute: <a href="https://www.bitchute.com/channel/YBM3rvf5ydDM/" target="_blank" rel="noopener noreferrer">https://www.bitchute.com/channel/YBM3rvf5ydDM/</a></p>
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<p>The post <a href="https://www.hopegirlblog.com/2024/02/22/japan-unexpectedly-slips-into-recession-germany-now-worlds-third-biggest-economy/">Japan unexpectedly slips into recession, Germany now world&#8217;s third-biggest economy</a> appeared first on <a href="https://www.hopegirlblog.com">HopeGirl Blog</a>.</p>
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