Japan’s ‘BP Moment’ Is Global Economic Problem: William Pesek
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You never want to kick a nation when it’s down. It’s time, though, to consider the depth of Japan’s coming recession.
A week ago, before radiation fears prompted a mass exodus from Tokyo, a downturn was of the “if” variety. Japan’s prospects then dimmed with each passing day of blackouts and panicked news reports. The questions now are when the recession will officially begin, how bad it will be and when might it end?