Scott Sumner has up a series of posts (here, here, here, here and here) that question the meaningfulness of the word 'recession' if, as the media (and OECD) says, Japan has entered a recession.
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Japan's new recession
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Scott Sumner has up a series of posts (here, here, here, here and here) that question the meaningfulness of the word 'recession' if, as the media (and OECD) says, Japan has entered a recession.