Japan's Economy

By: Almas Khan

Japan's economy has hit hard in the global downturn. During the first three months of 2009, Japan's economy has fallen at the quickest pace ever. Japan's economy depends heavily on exports. Japenesse exports decreased by 26 percent. People around the world are buying fewer cars and electronic gadgets, which are the major products Japan produces. Prime minister taro Aso shows concern and says that this is a serious problem. With spending rates going down and saving rates increasing it worsens the economy recession.