Tag Archives: Japan Recession

Japan’s leader fears ‘another recession’

The traditional statements before President Obama’s meeting today with his Japanese counterpart turned interesting when Prime Minister Yoshihiko Noda mentioned the ‘r word.’

Recession.

"One worry that I’ve have is that there is a emerging concern that once recovering the economy we might be drawn back into another recession, and Japan and the United States must work on the economic growth and the fiscal situation at the same time," Noda said, speaking with a translator.

It’s unclear whether Noda was referring to just Japan, the United States, or the global economy — though Japan is already in recession.

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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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