by Mike ‘Mish’ Shedlock
The Japanese economy shrank at 6.3% annualized in the fourth quarter. Forget talk of recession, it’s already underway.
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