Monday, December 26, 2011
Nobody talks about Japan - there is a reason
The story with Japan is not much better than what is seen in the EU or the US. The trade balance has turned negative which only occurs when there is a global recesison. The large manufacturers business confidence index has also turned negative. The BOJ has downgraded the growth prospects for the economy in the wake of the earthquake in March. Japan is aging and having a flat-line for grwoth. No help for the global economy here.