Japan Recession Fears Reinforced by New Data - NYTimes.com: "Japan’s export-dependent economy has been hit especially hard by the downturn in the United States and Europe because those economies are key markets for corporate giants like Panasonic, Nissan and Toyota.
“It was U.S. excess consumption that was behind Japan’s growth in the past few years,” said Mr. Kono of BNP Paribas."
Sunday, January 4, 2009
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