Who will be next? We are living in a very connected world and after Japanese entered a recession I think more will follow given their export status.
Did you see Cameron on the news warning of a new global crash?
Italy was in recession, US was in recession, UK was in recession, Spain was in recession, Greece was in recession, I am sure Japan will make it out. The elections in December are made so investors will have confidence in the Japanese economy.
There will be see one of the biggest booms in the west. Then we will be hit with a recession never before seen.
For now let’s enjoy the growth while it lasts.
Japan will come out from the recession soon.
Had some nice UJ longs last few weeks. 
The Japan recession is not similar to other countries. The japanese save a lot of money - it’s cultural. They just don’t spend enough. This affects the economy indexes, of course. But it’s not a typical recession scenario, where you see unemployment, homeless people, hunger and so on. It’s another concept of recession.