Wednesday, February 16, 2005

Turning Japanese

Hopefully the US economy is not turning Japanese. According to the FT, it appears as though things have once again slowed down.

Japan's economy slipped back into recession on Wednesday when newly released data showed its gross domestic product had contracted for three consecutive quarters, bringing an official end to the country's three-year recovery.
Times they have a changed...I don't wish ill on any country, but I did have to suffer through the 80's prognostications of Japanese economic dominance, so forgive me if I don't act like this is the most upsetting turn of events.

Keywords: Japan, ECO120, ECO301, Recession

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