The country's economy is further in the tank than anyone believed, with new data showing that the gross domestic product for the fiscal year ending March 31 shrank by 0.7 percent -- and that the contraction in the most recent quarter was 1.3 percent. Last time Japan's economy didn't grow over the course of a full year: 1974.
Japan's Woes
The country's economy is further in the tank than anyone believed, with new data showing that the gross domestic product for the fiscal year ending March 31 shrank by 0.7 percent -- and that the contraction in the most recent quarter was 1.3 percent. Last time Japan's economy didn't grow over the course of a full year: 1974.
