Japanese Economic Growth Plunges, Sparks G-7 Intervention Talk

Failing to even meet market expectations, gross domestic product for the world's third largest economy declined in the second quarter. According to the Cabinet Office in Tokyo, Japanese growth contracted by a 2.1% annualized rate.   The newest reading on economic expansion fell below 1.9% expectations – as well as last quarter's 1.3% contraction. Although surprising, [...]