Wednesday, February 25, 2009
Any rational person could be forgiven for thinking that this whole edifice of illusion will collapse
"Any rational person could be forgiven for thinking that this whole edifice of illusion will collapse" greytornado HPC 25-02-09 ~~~~ Japan also had a trade deficit of 952.6 bn yen ($9.9bn; £6.8bn), the lowest figure since records began in 1979. The demand for Japanese cars in particular dropped by 69%. Demand for electronics and other goods has also slumped as global economies and consumer spending contract, pushing Japan deeper into recession. Serious crisis Japanese exports to the US, which is at the centre of the slide, fell nearly 53% in January while shipments to the European Union retracted by 47%, Japan's finance ministry said.