Japanese economy in deep trouble

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	Japanese economy in deep trouble

beanz

3-27-2009 6:03 AM

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tags:

japan

beanz says:

They really need to sort out their system; institutional corruption and protectionism.

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	<IMG src="http://stats.bbc.co.uk/o.gif?~RS~s~RS~News~RS~t~RS~HighWeb_Story~RS~i~RS~7967315~RS~p~RS~44819~RS~a~RS~International~RS~u~RS~/2/hi/business/7967315.stm~RS~r~RS~http://www.google.com/reader/ig/feed/http:%2F%2Ffeeds.news.com.au%2Fpublic%2Frss%2F2.0%2Faus_sport_61.xml?hl=en~RS~q~RS~~RS~z~RS~15~RS~" id="livestats" alt="" /></TD></tr></table></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://news.bbc.co.uk/2/hi/business/7967315.stm"><H1>
					Japan's retail woes add to slump
				</H1></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://news.bbc.co.uk/2/hi/business/7967315.stm"><B>Retail sales in Japan saw their biggest fall in seven years in February, adding to fears of a deepening recession.</B></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://news.bbc.co.uk/2/hi/business/7967315.stm"><P>"We are expecting deflation to last for two years, well into 2010," said Hiroshi Watanabe, an economist at Daiwa Research Institute. </P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://news.bbc.co.uk/2/hi/business/7967315.stm"><P>Economic Minister Kaoru Yosano has said Japan is facing its worst economic crisis since the end of World War II. </P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://news.bbc.co.uk/2/hi/business/7967315.stm"><P>The country's exports saw a record plunge of 49.4% year-on-year in February, as worldwide demand for its products collapsed. </P></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/0FAFD111-673D-4AA6-BAAA-59AAF1F6FED0/blog/" title="blog or email this clip"><img src="http://content6.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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