Recession

Sweden has a good national economy, even though there is a political crisis since the cabinet failed in passing its budget through Parliament last week.

Japan, on the other hand, is in a deep recession. The economy shrank more than estimated in the third quarter of this year. The country has now had a badly functioning economy for a long time. This is bad news for the whole world, given that the Japanese economy is the third largest of the world. I am certain the Japanese will cope, after all, they have the world's largest Shiba population to help them. Nevertheless, I am concerned. It is not good that the recession is so deep, and deeper than estimated. I hope it will soon recover.