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Old January 28th, 2019, 09:40 AM
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Default Japan Says 40% Of Its Economic Data Is Fake

Japan Says 40% Of Its Economic Data Is Fake

Excerpt: For those who are unfamiliar with the latest economic fake news scandal, on Wednesday Japan's labor ministry revised its monthly labor survey for the period between 2012 and 2018 admitting it had overstated nominal year-on-year wage increases by as much as 0.7 percentage point between January and November of last year, to take just one example.

Unfortunately, there are many other examples, and according to an Internal Affairs Ministry report released late Thursday, nearly half of Japan’s key economic government statistics need to be reviewed with 22 discrete statistics, or roughly 40% of the 56 key government economic releases, turning out to be "fake news" and in need to be corrected.



I suspect that China, Russia, the EU, America, etc. are all "cooking" their books to look economically stronger than they really are.

If nations can lie about economic data to hold the nation together then a nations politicians and press will lie about other things too. It's their job to keep the citizenry in the dark for as long as possible until it's too late.
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