Japan’s Economy in Trouble

Japan’s share and currency markets took a knock today as third-quarter GDP had to be revised – downwards.

It had been widely expected that the revision would show a total worse than had been forecast, but not by such an extent.  Annualized GDP growth had been pipped at 4.8 per cent, this figure now sits at 1.3 per cent.

The numbers show that Japan’s recovery is not as stable as had been hoped, and a struggle is still in the equation.  Yet so far no economists, currency exchange experts or stockbrokers expect the recession to be given the dreaded “W” shape.  Not yet, anyway…

Just a day before the latest data was announced, the new government had agreed to a new boost package of around 50 billion GBP.

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