Japan is in a full-fledged ECONOMIC COLLAPSE, much greater than the Great Depression:
"Japan’s Economy May Shrink 20% This Quarter, Institute Says" By Jason Clenfield
"Feb. 16 (Bloomberg) -- Japan’s economy may shrink at an annual 20 percent pace this quarter, the steepest drop in the postwar era, according to the Japan Research Institute.
The research group published the estimate after a government report today showed gross domestic product fell an annualized 12.7 percent in the three months ended Dec. 31, the fastest pace since the 1974 oil crisis. The institute was one of the first to predict the scale of last quarter’s deterioration, saying on Dec. 26 that the economy would contract 14.1 percent.
Exporters including Toyota Motor Corp. are shutting factories and firing workers as recessions in the U.S. and Europe cause exports to dry up. Economic and Fiscal Policy Minister Kaoru Yosano said today that the country faces its biggest economic crisis in postwar history."
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