Japan falls into Recession

Proshare

December 10, 2012 / By Rachel / Total Asset

Slowing exports to China have resulted in Japan falling into recession. Business week reports that opposition leader Shinzo Abe  has used this as an excuse to call for ‘more stimulus’ and has highlighted the risk that weak growth will derail a planned sales-tax rise. Read Business Week’s full report
>here

The Financial Times quoted Tomo Kinoshita, chief economist at Nomura in Tokyo saying: “It shows how vulnerable Japan is to external demand conditions in Europe and Asia.” To read the FT’s full report
>click here

“The central bank is also carrying out an asset purchase programme whereby it buys bonds to keep long-term borrowing costs down.” BBC
>click here for the full report

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