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Overview of countries effected by credit, liquidity and inflation; recession conditions – Japan, Spain, Iceland, Australia – (update 5)

Posted by Adrian on July 31, 2008

Japan in recession? Like America, most probably. Japan’s industry production has had 2% declines, making it two quarters of 0.7% declines. Two quarter declines in the industry index points too recession.

The TOPIX doesn’t look too healthy either, apart from slight rallies from Wall Street volatility (buying) and a spill over confidence to other indices. The TOPIX is a declining market,

refer to 3mth graph:


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