An “Economic Analyst” Blog

The second largest economy in the world shrank 3.3% in the last quarter, the annually contraction rate being 12.7%. Most prognosis did not indicate such a deep contraction.

If this contraction continues, Japan will soon lose its status of world’s second largest economy.

But, the Nikkei index only fell 0.4%. This might only mean that a deeper fall will soon follow or that it starts recovering, but was pushed back by the announcement.

Tags: Japan

This entry was posted on Monday, February 16th, 2009 at 10:55 am and is filed under Prognosis. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.