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To: John Hunt who wrote (16384)9/12/1998 5:57:00 AM
From: John Hunt  Read Replies (1) | Respond to of 18056
 
Japan's Outlook Darkens

washingtonpost.com

<< Japanese officials announced today that the world's second-largest economy is in the midst of its most prolonged contraction since officials began tracking such events, and that the decline is far worse than expected.

The announcement dashed for now any hopes that a reinvigorated Japan would soon help pull other Asian economies out of turmoil and help stabilize volatile financial markets around the globe, including those in the United States. >>