Japan economy shrinks at record 15.2 percent pace
"Japan's economy contracted by a 15.2 percent annual pace in the first quarter - its sharpest drop on record - as exports plunged, companies slashed production and families cut back on spending, the government said Wednesday.
But the outlook is hopeful."
"Japan's economy contracted by a 15.2 percent annual pace in the first quarter - its sharpest drop on record - as exports plunged, companies slashed production and families cut back on spending, the government said Wednesday.
But the outlook is hopeful."
DOWN 15.2%?!!!
In one quarter?!!!
This is the Japan we were told to emulate by the democrats?
This is the same style of economics foisted on us by today's Obamanomics.
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