Videocrux - Japan's economy contracted by 3.3% in 2008.

#Videocrux - Japan's economy contracted by 3.3% in 2008. Japan's economy contracted by 3.3% in 2008.
Japan's economy is contracted by 3.3 percent in the last quarter of 2008. Its worst performance since the 1970s oil crisis and authorities warn worse may come. Exterior views of the Tokyo stock exchange. Various interior shots of the Tokyo stock exchange, showing the Nikkei and Topix index dropping. Worried traders: Screens at the stock exchange showing share value dropping. Various of elderly people on the streets of Tokyo, old walking with the help of a Zimmer frame. Various views of a Honda hydrogen car, green cars are doing reasonably well, but the car industry is hard hit. Car at service station several of cars in a showroom. Monk blesses woman, elderly women worshipping Buddha statue. Japan says economic crisis worst since WWII by Daniel Rook TOKYO, Feb 16, 2009. Japan is facing its biggest economic crisis since World War II, the government warned Monday, after Asia's biggest economy suffered its worst contraction in almost 35 years in the fourth quarter. Analysts said things could still get worse as the global economic downturn crushes demand for Japanese cars, electronics and other goods, forcing companies to slash jobs and investment. The economy contracted at an annualized pace of 12.7 percent in the three months to December its worst performance since 1974 when the country was reeling from the oil crisis, official figures showed. Gross domestic product contracted by 3.3 percent from the previous quarter. "This is the worst ever crisis in the post-war era. There is no doubt about it," Economic and Fiscal Policy Minister Kaoru Yosano said, warning that a rebound is impossible before the global economy improves. "Japan alone won't be able to recover.”
Japan biggest economic crisis since World War II.
Japan's economy is contracted by 3.3 percent in the last quarter of 2008. Its worst performance since the 1970s oil crisis and authorities warn worse may come.Japan is facing its biggest economic crisis since World War II, the government warned Monday, after Asia's biggest economy suffered its worst contraction in almost 35 years in the fourth quarter. Analysts said things could still get worse as the global economic downturn crushes demand for Japanese cars, electronics and other goods, forcing companies to slash jobs and investment. The economy contracted at an annualized pace of 12.7 percent in the three months to December its worst performance since 1974.
Worst ever crisis in the post-war era.
The country was reeling from the oil crisis, official figures showed. Gross domestic product contracted by 3.3 percent from the previous quarter." This is the worst ever crisis in the post-war era. There is no doubt about it. Economic and Fiscal Policy Minister Kaoru Yosano said, warning that a rebound is impossible before the global economy improves. "Japan alone won't be able to recover."

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