Dedicated to Zach, a fellow member of [Media/Biz.] Study Group
http://news.bbc.co.uk/2/hi/business/7732733.stm
Japanese economy now in recession
Japan's economy has entered its first recession
since 2001 after shrinking by 0.1% in the third quarter.
第三季的GDP降低0.1
The world's second-biggest economy had previous shrunk by 0.9% in the April to June quarter.
這個世界第二大的經濟體,第二季的GDP下降了0.9%
"The downtrend in the economy will continue for the time being as global growth slows," said Japanese Economy Minister Kaoru Yosano.
經濟下滑的趨勢,會因全球經濟成長趨緩而持續好一陣子
The eurozone officially slipped into recession last week, and the US is expected to follow.
根據官方說法,歐元區上週經濟(正式)步入衰退;而美國也_____________________
"We need to bear in mind that economic conditions could worsen further as the US and European financial crisis deepens, worries of economic downturn heighten and stock and foreign exchange markets make big swings," Mr Yosano added.
我們應牢記,
The benchmark Nikkei share index fell on opening after the growth data was released, but it later rebounded and closed up 0.7%. The Nikkei has lost a quarter of its value since the beginning of October.
Growth in Japan has been hit by the global economic slowdown which has curbed demand for Japanese exports.
"The risk of Japan posting a third or fourth straight quarterly contraction is growing, given the fact that we can no longer rely on exports," said Takeshi Minami, chief economist at Norinchukin Research Institute.
Japan's economy had experienced its longest period of economic growth since World War II until the sub-prime crisis started a year ago.
22.11.08
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