Japan moves closer to recession
News On Japan via ibtimes.com -- Jul 10

Japan, which is still floundering from last year's earthquake-tsunami, is once again hovering near the brink of a recession, economists say.

The weak economic data that Japan posted on Monday suggests that the third largest economy in the world could see a contraction in its GDP growth in the third quarter of this year in the wake of a decline in its second-quarter growth pace and an increased reliance on government support, David Rea, a Japan economist at Capital Economics, stated in a research note on Monday.

Source: ibtimes.com



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