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Japanese Economy

It Will Take Years Before the Current Recession Will End

Michael D. Intriligator | Posted 05.25.2011 | Business
Michael D. Intriligator

Many are predicting that the current recession will end soon, by this summer, later this year, or at most next year. I don't believe this prediction -- it will take years for the recession to end.

Obama Visit Strengthened Historic Partnership with Canada

Megan Harris | Posted 05.25.2011 | World
Megan Harris

During this period of global economic turbulence, it is astute for America to remind its friends how much they are valued and to refer to their shared history. It's a diplomatic retention strategy.

Japan: Recession Spurs "Work-Sharing" To Avoid Layoffs

AP | YURI KAGEYAMA | Posted 05.25.2011 | Business

HIRAKATA, Japan — Yasuo Igarashi spends a lot of time these days on the jungle gym with his daughter, after his employer joined the growing rank...

Japanese Gang Members Feel Effects Of Recession

Globalpost | Justin McCurry | Posted 05.25.2011 | World

TOKYO -- Kazuhiro Yamada may describe himself as an innocent victim of the recession, but he is unlikely to win much sympathy. Until he lost his j...

Toyota Trouble: Posts Largest Loss Since 1950

Huffington Post | Julie Satow | Posted 05.25.2011 | Business

Toyota, which just last year posted record profit and dethroned General Motors as the world's largest automaker, said it was headed for its first annu...

Warning: Japanese Economy Faces Its Longest Period Of Contraction Ever

Financial Times | Mure Dickie | Posted 05.25.2011 | Business

Japan's gross domestic product contracted much more rapidly in the third quarter than initially thought, underscoring the weakness of the world's seco...