Monday, January 19, 2009

The Truth About Japanese Stimulus - WSJ.com

The Truth About Japanese Stimulus - WSJ.com: "After months of a slow slide, the Japanese economy seemed to jump off a cliff in November. The value of Japan's inflation-adjusted exports fell a record 19% from the prior year. Manufacturing output fell 13% over the same period. Many economists believe that GDP fell by an annualized rate of 8% in October-December, the worst quarterly decline since at least 1955, when comparable statistics begin."

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