Japan Isn’t Headed for Recession, It’s in Recession

by Mike ‘Mish’ Shedlock
Mish Talk

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

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