Japan Plunges Back into Recession

The recent twin disasters and a nuclear crisis that wreaked havoc on Japan pushed the nation back into recession in the January-March period, says an Agence France-Presse report published by the Straits Times.


Japan's economy contracted by a much worse-than-expected annualised 3.7 percent in the first three months of the year.


Citing analysts, the AFP report says the downturn is expected to get worse in the April-June period as supply chain problems disrupt production.


As a result of the disasters, output saw its biggest ever fall and spending plunged while consumer and business confidence declined.


Suggested Articles

Some of you might have already been aware of the news that Questex—with the aim to focus on event business—will shut down permanently all media brands in Asia…

Some advice for transitioning into an advisory role

Global risks are intensifying but the collective will to tackle them appears to be lacking. Check out this report for areas of concern