Japanese economy hit by ‘double nightmare’

From

Timesonline

With potentially the most momentous general election for five decades less than 48 hours away, the Japanese economy has plunged into the double nightmare of runaway deflation and soaring joblessness.

The Japanese unemployment rate hit a record 5.7 per cent in July, although many analysts believe that the official number massively understates the true extent of joblessness.

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza