Japan’s economy falters, country in recession

Japan’s economy, sputtering since the March 11 earthquake, tsunami and nuclear disaster, has fallen into recession, according to government figures released Thursday.

The country’s gross domestic product fell by an annualized rate of 3.7% in the first quarter of the calendar year, according to the government, a much steeper fall than Japanese economists had predicted.

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One Reply to “Japan’s economy falters, country in recession”

  1. It is sad to see that a well developed country like Japan is facing recession.Even the political condition in the country is not stable at the moment.But Japanese people are the most hardworking people in Asia if not the world,so this Recession period will be over soon I guess.

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