Administrator Lite Posted February 16, 2009 Administrator Share Posted February 16, 2009 Japan's economy contracted by 3.3% in the last quarter of last year - its worst showing since the oil crisis of the 1970s, official figures show. The contraction means the economy shrank at an annual pace of 12.7% during the October to December period. Economic Minister Kaoru Yosano said Japan faced its worst economic crisis since the end of World War II. The slowdown in the world's second-biggest economy is steeper than that being experienced in the US or Europe. Japan has been hit particularly hard by falling global demand for its products. View: Original Article Link to comment Share on other sites More sharing options...
Atasas Posted February 16, 2009 Share Posted February 16, 2009 I would say it's down to histeria as Japan out of all countries has got recent experience of economic crisis and is does not have overinflated economy...? Link to comment Share on other sites More sharing options...
AshTheGamer Posted March 11, 2009 Share Posted March 11, 2009 Wow very interesting Link to comment Share on other sites More sharing options...
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