Japan's exports nearly halve in one year
Last Updated: 10:34AM GMT 25 Feb 2009
Japan's exports nearly halved in January, with record drops in shipments to the United States, Europe and the rest of Asia pointing to a deepening recession across much of the world.
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US Federal Reserve Chairman Ben Bernanke warned on Monday of a prolonged recession in one of Japan's major markets, while President Barack Obama, while positive longer term, told Congress there were no quick fixes for the economy.
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Video and Article: http://www.telegraph.co.uk/finance/financetopics/financialcrisis/4802905/Japans-exports-nearly-halve-in-one-year.html