I noticed the BBC reporting the latest shockingly bad economic figures from Japan. The first three months of 2009 saw the Japanese economy shrink at its quickest pace since records began. Output in the world’s second largest economy contracted by 4% during this period, or by 15.2% on an annualised basis. Given that Britain under Prudence Brown is following the same disastrous path of “quantitative easing” and “stimulus” that is failing in Japan, I look forward to Robert Peston and the rest of the BBC’s crack economic experts flagging this up.
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