Asia-Pacific Business & Finance News: Japan’s export slide slowed to 45.6% slump in March compared with year ago; GDP in 2009 to be revised down to -3%
Apr 22nd, 2009 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
Asia-Pacific Business & Finance News: Japan’s export slide slowed to a annual 45.6 percent slump in March, compared with a year earlier, down from February’s 49.4 percent plunge, the Finance Ministry said today in Tokyo. In related news, in a rare move, Japan plans to slash its initial projection for real gross domestic product (GDP) to around minus 3 percent for fiscal 2009 in light of the global economic slump, government sources said Tuesday according to the Kyodo News agency. Without the recent stimulus package, the forecast contraction would have been 5 percent.
