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The first is that Japan's recovery is more recent than America's, so its demand for imports is rising less than America's.
There was also an effect from fuel, which is rising less this year than it was at the same time last year.
Spending on personal consumption — the largest part of the economy — is rising less rapidly than in previous downturns, no doubt related both to the high level of unemployment and to the decline in home prices, which has reduced the availability of credit for many.
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(Physicians' fees, by contrast, have been rising less than 2percentt annually, the Health Affairs study said).
Now there are some signs that prices are rising less rapidly and that the economy is beginning to pick up steam (adjusting for the General Motors strike).
Even before the financial crisis, real wages for those on the lowest pay were rising less rapidly than for those at the top.
This huge pool of surplus labour helps explain why Chinese wages have been rising less quickly than productivity since 1996.Another way to offset a country's rapidly rising productivity would be through currency appreciation.
The economic outlook was also downbeat after the secretary-general of the Organization of the Petroleum Exporting Countries, Abdalla Salem el-Badri, said Monday that global demand for oil was rising less than expected, Bloomberg News reported.
"Our recycling rates are rising, less waste is now sent to landfill and separate food waste collections are increasing, but as set out in the Clean Growth strategy and 25-year environment plan, we are working with industry to improve the nation's recycling rates further," he said.
But Ralph J. Gerson, the executive vice president of Guardian Industries, the largest American glass-making company and the world's third-largest, said that demand was rising less rapidly in China for the company's high-tech insulated glass for modern office buildings.
CSX shares were rising less than 1% on Tuesday morning.
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