Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Asia Forum -- Ignore unavailable to you. Want to Upgrade?

To: peter michaelson who wrote (4434)	6/12/1998 6:44:00 AM
From: MikeM54321	Read Replies (1) \| Respond to of 9980

Here's some late breaking news out of Japan. It's pretty important news. Came out after the close of their markets. MikeM(From Florida) **************************** Japan's Economy in Recession** GDP Shrank 1.3% in Jan-March Qtr. Japan's economy fell into recession for the first time in six years, shrinking 1.3 percent in the January-March period from the previous quarter, or 5.3 percent at an annualized rate, government figures showed. The second straight contraction, which was much worse than the 0.4 percent slide forecast by economists in a Bloomberg poll, sent the economy skidding 0.7 percent in the year that ended March 31. That was Japan's first full-year decline since 1974, after a tripling of global oil prices. The economy last shrank two straight quarters between April and September 1992.