Japan's `Least Ugly' Economy May Beat U.S., Europe in Crisis

(Bloomberg) Japan's newly declared recession may be a chance to show that the world's second-largest economy can finally outperform the U.S. and Europe.

As the West faces the worst financial crisis since the Great Depression, Japan will contract at a fraction of the pace of its major counterparts next year, according to the Organization for Economic Cooperation and Development.

Read the entire article