INQUIRER.net: Japan’s economy shrinks in 4Q, stays in recession

INQUIRER.net Philippine News for Filipinos

Japan's economy shrinks in 4Q, stays in recession Feb 14th 2013, 01:07 TOKYO — Japan's economy remained mired in recession late last year, shrinking 0.4 percent in annualized terms for the third straight quarter of contraction on feeble demand both at home and overseas.   The government reported Thursday that growth for all of 2012 was 1.9 percent.   The figures were worse than expected, as many analysts had forecast the economy may have emerged from recession late last year as the Japanese yen weakened against other major currencies, giving a boost to Japanese export manufacturers.   Prime Minister Shinzo Abe, who took office in late December, is championing aggressive spending and monetary stimulus to help get growth... Keep on reading: Japan’s economy shrinks in 4Q, stays in recession Media files: shinzo-abe.jpg (image/jpeg)

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