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This is what is called a recession.
Even though the article is named âJapan economy slides to recessionâ, the article constantly points out the fact that overall, the Japanese economy is in a stage of recovery. Japanese Economic and Fiscal Policy Minister, Heizo Takenaka, advises that GDP alone cannot assess the economy comprehensively...
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However, we know that GDP is the most complete measure of how well the economy is doing overall. So what else might the Minister be trying to point out, or is he just making politics?
To find the answer to this question, we might want to look at the bigger picture, where it is clear that the Japanese economy is actually growing...
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