Japanese Economic runs negative growth as Global Crisis

Japan is reported to enter recession in third quarter as industries and companies have already been cut their investment plan caused by global financial crisis. Japan in this present runs behind America as biggest economy. Japan is also known helper (aider) countries for third countries (developing countries). Japanese Economic is being contracted 0.1 percent in months after decline 0.9 percent in second quarter.
The indication is shown in their Gross Domestic Product (GDP). Official staff said that Japanese GDP declined 0.4 percent based on their estimation after American crisis attack worldwide countries. As the biggest economic in Asia, Japanese GDP is reported lower than Analysts estimation; where estimators and analysts argued that Japanese economic grow 0.1 percent for each quarter.

Together with Germany and Italia, Japan is member of G-8; Japanese government formally has reported that they are in recession with negative growth. Beside Japan, outspoken also said that European counties also run in recession as each government staff said in conference time.

Not only this time Japan runs in recession, in 1990 Japan is also attacked recession (big bubble) and necessary action has been taken and Japan has succeed in recovery process, supported with good export prospect and business investment, while recovery in being processed, Global Financial Crisis made their recovery gone bad. Many industries decided to cut their expansion and long run investment such as open new fabric or invest in capital. Profit also declined on industries after demand for Japanese products is lower. United state is Japanese Export Target and crisis in America has made demand declined significantly. Lower on Japanese products also happened in Europeans countries, Asia and in all world.

Analysts predict that Japan economic will be recovered in near and predict 0.1 percent grow in 2009.