Consumers Flee to Cash in Japan as Noda’s Economic Woes Deepen

Consumers Flee to Cash in Japan as Noda’s Economic Woes Deepen

Noriko Hayashi/Bloomberg

Shoppers reflected at the entrance to the Tokyu Plaza Omotesando Harajuku shopping complex in Tokyo, Japan. Japan risks its third textbook-definition recession since 2008, meaning two straight quarters of contraction.