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Japan: Economic recession? A dejavue.

Categories: East Asia, Japan, Breaking News, Economics & Business, Humor

id:norikku225 at Let's survive the subprime shock! [1] (サブプライムショックを生き残ろう!) [ja] comments on news that the Japanese economy has entered a recession, as reported by national [2] [ja] andinternational [3] [en] media. The blogger says that there is nothing new in this and that the scenario has been the same for the last 15 years or so, during which time Japanese have made an art of overcoming recession; that is why investors were not so disturbed when, in the last trimester of July-September, negative economic growth was announced. Norikku225 draws an analogy between Japanese people and the protagonist in a remake of the movie Groundhog Day [4][en]: they will live the same day over and over until they mend their way of life.