Japan's economy declined much more than expected in the final quarter of last year due to slowing exports amid a weakening global economy and European recession. Concerns now rising that Japan may contract yet again this quarter point to rising risks of renewed recession in the world's third largest economy ( Read more... )

Deaths in the United States caused by exposure to radiation from the Japanese Fukushima nuclear disaster puts the range between 14,000 and 18,000, according to a release published in the December 2011 edition of the peer-reviewed International Journal of Health Services ((PDF)The author's estimate of 14,000 excess U.S. deaths in the 14 weeks after ( Read more... )

Data: US hiring was strong and firing was very few in December

New estimates just released from ADP suggest that the number of new jobs created last month may have been double what was expected. Plus, the four week moving average of initial jobless claims fell to to its lowest level in three and a half years during the month.

From Econoday.com
( Read more... )

CNBC
US Economy Damaged More Than Thought by Japan Quake
( Read more... )

Revised data now shows that the world's third-largest economy was already contracting sharply during the final quarter of last year, and was only very soft, at best, when the nightmare earthquake/tsunami/nuclear disaster hit in March.

iMarketNews.com
Japan Econ Set For 3rd Straight Qtrly Fall on Quake Impact

TOKYO (MNI) - The Japanese economy is now ( Read more... )

The Telegraph
Japan enters recession but no yen printing yet

Japan has entered a recession, according to its central bank, but its policy-makers held off from further measures to boost growth despite the devastating impact of last month's earthquake and tsunami.

Reuters
BOJ reckons Japan in recession, stands pat on policy

* BOJ estimates economy ( Read more... )

Bloomberg
Japan Quake Takes Bigger-Than-Estimated Economic Toll as BOJ Holds Stance

Japan’s economy had a greater hit from last month’s disaster than anticipated, with factory output declining the most since at least the end of the U.S. occupation and the central bank slashing its growth forecast.
Factory output fell 15.3 percent from February, the ( Read more... )

Japan, the entire country..

a major industrialized world economic superpower, is now being acknowledged to be in the throes of a nuclear disaster as bad, if not worse, than Chernobyl.

CNBC
Japan Raises Nuclear Crisis Severity to Highest Level

Japan raised the severity of its nuclear crisis at the Fukushima Daiichi nuclear plant to a level 7 from 5 ( Read more... )

Kyodo News
Woes deepen over radioactive water at nuke plant, sea contamination

TOKYO, March 28, Kyodo

Japan on Sunday faced an increasing challenge of removing highly radioactive water found inside buildings near some troubled nuclear reactors at the Fukushima Daiichi plant, with the radiation level of the surface of the pool in the basement of ( Read more... )

What a shocker!
CNBC survey finds US Consumer Sentiment falling in what could perhaps best be described as a recession-like nosedive. And the kicker? This was underway before the 9.0 earthquake/tsunami/nuclear disaster in Japan and before we found out we are going to be involved in a war with Libya.


Economic Fears Spike as Gas, Food Prices Rise: ( Read more... )