The Economic Effect of Japan's Election
One thing the nation's next leaders don't talk about is growth.
Japan is heading into a landmark election in a state of freefall. Stagnant since the early 1990s, Japan's economy fell off a cliff in the last quarter, dropping 15.2 percent in the worst collapse of any industrial nation in decades. Automakers—Toyota, Nissan, and Honda, once the heart of the Japanese industrial miracle—saw exports fall 70 percent in April, and were forced to shutter factories to clear inventory. Since pocketbook issues decide ... Full Story »
Posted by Kaizar Campwala - via NewsRack (Energy), NewsRack (Recession), Newsweek
Retrieving Comments
