games  anime  toys
Japanator is anime news, community, videos & geeky J-stuff. Updated daily!   Sign up to comment or blog    |    Returning? Login

japanator logo

Great, Japan's economy also sucks
by Dale North, 11/17/2008
Great, Japan's economy also sucks photo

We are now one step closer to unified suckage of the world's economic powers with Japan now officially in a recession. Wait: Japan, didn't you just do this like 7 years ago? 

First it was some European nations, then Japan, and now the US is expected to be next. 

"The downtrend in the economy will continue for the time being as global growth slows," said Japanese Economy Minister Kaoru Yosano. "We need to bear in mind that economic conditions could worsen further as the US and European financial crisis deepens, worries of economic downturn heighten and stock and foreign exchange markets make big swings."

What really sucks is that Japan was going through its longest period of economic growth until the sh*t hit the sub-prime fan last year. The last recession they went through was mostly self-inflicted, but this time around the world's consumers are messing things up everywhere. And for Japan, most of the issue lies with decreased demand of their products. 

BBC confirms that the global economic climate has slowed down the demand for Japanese exports. And here I was, thinking I was helping by visiting the little island country, buying otaku goods and videogames and the like.





(15) COMMENTS



 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

You must be logged in to post a comment. Click here to login or create a user account now


 
Anime news got news? tips@japanator.com



New episode: Japanator AM Episode 9: Special OPs GET!


Loading
Loading Videos


    Community Blogs   + post a blog   view all




    TEAM

    Editor-in-Chief

    Brad Rice

    Managing Editor
    Dale North


    Associate Editors
    Chelsea Thompson
    Colette Bennett
    Edward Baylon
    Eva Duenas
    Rio McCarthy
    Tim Sheehy
    Topher Cantler
    Zac Bentz

    Made by

    ModernMethod













    about us and privacy policy