Monday, September 10, 2007

Japan Contracts in Q2

(cross-post from Alpha.Sources)I see not reasons to mince my words on this one with the recent stark downward revision of Japanese GDP in Q2. (From Bloomberg) Japan's economy contracted at almost twice the pace forecast by analysts in the second quarter, reinforcing speculation the central bank will leave interest rates unchanged this year. The economy shrank at a 1.2 percent annual

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