The Fall of Japan as a Safe-Haven: Fastest Contracting GDP in 35 Years
Jonathan O'Shaughnessy (February 18th, 2009) Writes:
Japan has been seen since September as one of the few bastions of relative stability in the global economic climate. It “only” fell approximately 30% during the September crash, compared to the approx. 40-60% of the US and China respectively, and has weathered the global economic storm much better than most. This is evidenced by the following Emerginvest performance charts of Japan, China, and the US – note the relatively shallow decline in September for Japan compared to its counterparts:
Japan’s Market Performance over the last year.
China’s 12-Month Market Performance
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