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JPY Daily News
Japan Enters Recession
Tuesday, 18 Nov 2008
The first modern economy has officially entered into a recession. Late Sunday the Japanese economy posted Q3 GDP results as forecasted of -0.1%. Despite the official recessionary trend, he JPY strengthened against the Dollar, closing the day at 97.33.
This could be taken as a positive sign of the market's reaction to the contracting Japanese economy. The Japanese economy may appear relatively strong compared to its counterparts. The Organization for Economic Cooperation (OEC) has forecasted Japanese GDP to fall 0.1% in 2009. OEC forecasted the U.S. economy to post a decline of 0.9% and the Euro-Zone to fall 0.5%.
Current Time: 05/27 01:35 GMT
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Print| # | Time | $€£¥ | Event | Per. | Prev. | Fore. | Act. | Imp. |
|---|---|---|---|---|---|---|---|---|
| 11/18 | ||||||||
| 23:50 | JPY |  All Industries Activity | -1.8% | -0.1% | -0.1% |  | ||
