Financial Times FT.com

Storm clouds gather over Tokyo

By Mure Dickie in Tokyo

Published: December 9 2008 19:17 | Last updated: December 9 2008 19:17

With a dramatic revision of third-quarter gross domestic product, Japanese government statisticians have offered a chilly corrective to anyone still sanguine about the health of the world’s second-largest economy.

Just months ago, many observers thought that Japan, with its relatively insulated banking system, was well placed to weather the international financial crisis and its economic effects.

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