Japan sinks deeper into recession
29-11-2008
A raft of gloomy economic data shows Japan sank deeper into recession last month. Factory output slumped 3.1 percent from September when it rose over one percent. Household spending slid 3.8 percent - the eighth consecutive month of decline. Some economists described the figures as "horrendous" and "stunningly bad". They say Japan's economy appeared to be deteriorating more quickly than expected, dragged down by plunging exports.
