Japan’s Economic Outlook Worsening

Yes, the poor economy is coming. China manufacturing contracts, and now Japan’s economy is predicted to contract. From Seeking Alpha:

Japan becomes pessimistic about economy. The Japanese government has downgraded its assessment of the economy for the first time in 10 months in its latest monthly report, saying that risks include slowing overseas economies and sharp market fluctuations. The pessimism comes as JPMorgan and BNP Paribas forecast contraction of 0.3% and 0.9% respectively for Q3 GDP vs. consensus for 1% growth.

Posted August 28th, 2012 Filed in Economics and the Economy