By  on December 14, 2012

TOKYO — Japanese voters head to the polls for a general election on Sunday, and while political matters generally have little direct impact on consumers here, the power grab is coming at an especially delicate time for the world’s third-largest economy after the U.S. and China.

Japan’s economy has officially slipped into a recession, or two consecutive quarters of negative gross domestic product growth. Earlier this week, the country’s Cabinet Office revised its second-quarter GDP figures downward to reflect a drop. Third-quarter GDP slid 3.5 percent in annualized terms. Consumer spending is already waning and a consumption tax hike is on the horizon. Japan’s exports are taking a hit amid ongoing political tensions with China, its largest trading partner.

To continue reading this article...

To Read the Full Article

Tap into our Global Network

Of Industry Leaders and Designers

load comments
blog comments powered by Disqus