Japan’s economy shrank at annual 12.7% rate in the fourth quarter of 2008 - - the most since 1974 oil shock
Feb 16th, 2009 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
Japan’s economy shrank at an annual 12.7% rate in the fourth quarter of 2008 - - the most since the 1974 oil shock - - as the global recession inflicts severe pain, which is exacerbated by a rising yen.