Japan's Economic Planning Agency issued a scary new reading of the nation's financial landscape. The agency's report said a survey of corporate managers found "severe" pessimism; the economic engine that shook the world has "stalled." With the leading Nikkei 225 stock average losing 11 percent since mid-October, both the government and private sector are struggling to find a turnaround formula. The agency said none seems near.
Land of Rising Gloom
Japan's Economic Planning Agency issued a scary new reading of the nation's financial landscape. The agency's report said a survey of corporate managers found "severe" pessimism; the economic engine that shook the world has "stalled." With the leading Nikkei 225 stock average losing 11 percent since mid-October, both the government and private sector are struggling to find a turnaround formula. The agency said none seems near.
