The Japanese economy has been in the doldrums for decades but it has now officially fallen into a recession, the first timein seven years.
Japanese GDP declined by 0.4% in Q3 after falling 3.7% in Q2, giving it two consecutive quarters of contractingeconomic growth.
That means Japan along with Singapore and the 15-nation euro-zone in a recession.
- Hong Kong slips into recession Hong Kong became the second Asian country (Singapore was first) to slip into arecession. Hong Kong’s GDP dropped 0.5% in...
- Taiwan reports first quarter of GDP decline Singapore and Japan are officially in a recession. It looks like Taiwan will join thelist. The Taiwanese economy shrunk by...
- Machinery orders fall in Japan Machineryorders in Japan fell by 3.9% in August, the second monthly decline and moreevidence that the Japanese economy is stuck...
{ 0 comments… add one now }