Monday, February 14, 2011

Japan's Lost Decade(s)

"BusinessWeek details the latest:


Japan’s gross domestic product fell less than estimated in the fourth quarter in a pullback that may prove temporary as overseas demand revives production after the nation fell behind China as the world’s second-largest economy.

The annualized 1.1 percent drop in GDP in the three months through December was driven by a slowing in exports and fading of government stimulus programs, Cabinet Office figures showed today in Tokyo. The median forecast of 26 economists surveyed by Bloomberg News was for a 2 percent drop..."

at http://econompicdata.blogspot.com/2011/02/japans-lost-decades.html

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