Solving Japan's Economic Puzzle  

Oleh:

Ueda, Kazuo

Jenis: Article from Journal - ilmiah internasional
Dalam koleksi: Far Eastern Economic Review vol. 172 no. 4 (May 2009), page 49.
Topik: Japan; Economy; Financial Crisis; Recession; GDP

Ketersediaan

Perpustakaan Pusat (Semanggi) Nomor Panggil: FF21.22 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada

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The current financial crisis has affected virtually all corners of the world. Japan has, of course, been unable to escape from it. There is, however, a serious puzzle here. As widely documented, Japanese financial institutions’ exposure to the credit market binge has been relatively limited. Yet, the data to date suggest that Japan’s recession has been the worst among industrialized countries. Its GDP dropped by double digits in the fourth quarter of 2008. Data for first quarter 2009 to be released soon is expected to be equally weak. Japan’s manufacturing production has fallen about 40% from its recent peak. In contrast, the corresponding figure is about 20% for the United States and 30% for Germany and South Korea.

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