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IPFS News Link • Japan

Japan Isn't Headed for Recession, It's In Recession

• by Mish

A Japanese recession has started but you might not understand that if you read some reports.

The lead image is from Coronavirus Threatens Japan Rebound as GDP Falls Most in 5 Years.

Blue text and square anecdotes are mine.

The BBC reports Japan's Economy Shrinks at Fastest Rate Since 2014

Annualised gross domestic product (GDP) fell by a much steeper than expected 6.3% in October-December. There are also concerns the coronavirus outbreak will mean the slump continues this quarter. That has raised fears that the world's third-biggest economy may fall into recession.