Philippines | November 18, 2014
This is rather disturbing. Several months back, IMF President mentioned in an interview re EU woes that they are worried about Japan? What worry about Japan, the 3rd biggest economy in the world, an economic juggernaut. A model for industrialization and economic development?
What has happened?
Reports have it that raising taxes and raising consumption has not worked for Japan. 3rd quarter for Japan showed its economic output shrink by 1.6% officially throwing Japan into recession.
Has tsunami anything to do with this debacle? Or the Fukushima accident.?
