Japan'S Economy Will Grow Negatively For Two Consecutive Years.

Xinhua Tokyo, November 25th, according to the latest news of "Japan economic news" website, the economic forecast of Japan's 28 private survey bodies by QUICK, a professional research firm of Nikkei Group, shows that the Japanese economy will continue to grow negatively for two consecutive years.

According to reports, the average forecast of Japan's gross domestic product (GDP) by 28 institutions is 2008 in fiscal year 08 (April to March 09), a decrease of 0.5% over the previous year, and 0.3% in the 2009 fiscal year.

Among them, 28 institutions believe that in the 08 fiscal year, the Japanese economy will grow negatively, and there are 23 institutions that think the economy will continue to suffer negative growth in the 09 fiscal year.

According to reports, most non-governmental organizations believe that the financial crisis is aggravating the world economy, and the Japanese economy, which has fallen into recession, may face a long-term recession.

In November 17th, the statistics released by the Japanese Cabinet Office showed that, in the third quarter of this year, Japan's gross domestic product declined by 0.1% compared with the previous quarter, and the decline was 0.4% at the annualized rate. After the second quarter, Japan's GDP has shown negative growth.