Tuesday, November 18, 2008

Japan officially in recession (日本经济开始衰落)

I watched the news yesterday and got to know that Japan is now in recession due to the strong yen and global economic slowdown. This was not unexpected. The strong yen is one of the main reasons. Japan&s benchmark Nikkei 225 index has fell dramatically during the last two months. Japanese people are now very worried about losing their jobs. Keeping the cash is now very important. I assume that there will be no big spending for the coming Christmas and New Year.

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