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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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Posted by Dean Popplewell at 6:36 am UTC, 05/22/2012
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May
22
Today’s Global
Market Events
6:15am

USD
FOMC Member Lockhart Speaks
10:00am

EUR
Consumer Confidence
-20 vs. -20
USD
Existing Home Sales
4.64M vs. 4.48M
USD
Richmond Manufacturing Index
12 vs. 14
7:50pm

JPY
Trade Balance
-0.60T vs. -0.62T
8:00pm

AUD
CB Leading Index m/m
0.0%
8:30pm

AUD
MI Leading Index m/m
0.2%
Tentative

JPY
Monetary Policy Statement
JPY
Overnight Call Rate
0.10% vs. 0.10%