Record slump in Japan: a sign of deepening global recession

Economic data released on Monday revealed that the world’s second largest economy contracted at an annualised rate of 12.7 percent for the final quarter of 2008—the steepest decline since 1974. Deutsche Bank in Tokyo bluntly predicted a “severe depression” in Japan, lasting at least until late 2010.

Popular posts from this blog

EC should ask ROS to register Pakatan quickly

USM fiasco a shame

Singapore Malay daily teaches Mahathir about hardwork