Japan's Economy Contracts In Q2 2008

Japan's economy contracted in the second quarter of 2008, bringing the country to the threshold of its first recession in six years, as exports fell and consumers spent less. Gross domestic product was up by 1% over the second quarter of 2007, but down by 0.6% over Q1 2008. So the recession many observers were anticipating in the last quarter of 2007 may now have arrived in the second quarter of