The fall of Japan

http://business.timesonline.co.uk/tol/business/markets/japan/article6967956.ece

So I've noticed Japanese economic issues keep appearing on my news searches.  If the Japanese economy does happen to take an unprecedented nose dive, what would that do to the global economy? 

I don't think Japan falling to level of say...Russia is realistic, but hypothetically, what kind of shockwaves would this cause?

A temporary recession, most of the decline will be attributed to competition from China.

>>2
Wow. For the first time, a non-bullshit, non-racist and completely objective answer.

>>3
Shouldn't you be picking someone's cotton, nigger?

>>3
Agreed.

>>4
^* African American

Japs will have to get out of their corporate offices and start doing manual labor like they used to.

Who cares about Japan in the global economy these days?  Only china in Asia has any chance of affecting this economy..

>>7
Japan's GDP is still higher than China's. The standard of living in Japan during recession would be considered an economic boom in China.