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☆ Yσɠƚԋσʂ ☆ to World News@lemmygrad.mlEnglish • 1 year ago

Japan Loses Its Spot as World's Third-Largest Economy as It Slips Into Recession

www.bloomberg.com

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Japan Loses Its Spot as World's Third-Largest Economy as It Slips Into Recession

www.bloomberg.com

☆ Yσɠƚԋσʂ ☆ to World News@lemmygrad.mlEnglish • 1 year ago
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Japan’s economy unexpectedly slipped into recession after shrinking for a second quarter due to anemic domestic demand, prompting some central bank watchers to push back bets on when the nation’s negative interest rate policy will end.
  • Tankiedesantski [he/him]
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    15•1 year ago

    But the Japanese stock market is at record highs, which really goes to show how accurately reflective of the economy the stock market is.

    • Hello_Kitty_enjoyer [none/use name]
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      6•
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      1 year ago

      is it at record highs in Yen, or in USD

      • Tankiedesantski [he/him]
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        6•1 year ago

        Yen. They don’t dare talk about how the cheap yen is causing American companies and individuals to go on a buying spree because… Reasons.

        • Hello_Kitty_enjoyer [none/use name]
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          4•1 year ago

          lmao, even their logic is American

          it’s like when the frothing hordes of redditors try to blame India and China for global warming

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