Sep 2, 2008
| Last Updated
Until last week, some analysts still believed Japan would escape recession, but the release of the Q2 GDP numbers forced most to change their tune - real GDP in the second quarter (Apr-Jun) fell -0.6% qoq (-2.4% yoy). Consequently, the consensus now seems to be that Japan is experiencing a shallow, short-lived recession, with recovery expected sometime in the first half of 2009. While Japan’s downturn may yet be mild, it’s important to keep in mind that considerable downside risks exist to this scenario. Given the risks detailed below, there’s a strong likelihood analysts will[...]
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