Japan GDP Revision - Bad news for DPJ
Japan 2Q GDP downward revision suggests new DPJ-led government to face huge challenges, as data also show nominal GDP continuing to slide, says Jesper Koll, president & CEO of Tantallon Research Japan. "The revision down is significantly worse than people expected, and the message from this is very clear: There is no time for complacency for the new government, since what the falling nominal GDP means is that the Japanese people are getting poorer".
Friday, 11 September 2009
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