TOPWRAP 7-Grim US, Japan data show financial crisis deepens


* U.S. Q4 GDP down 3.8 pct, current quarter may be worse * Japan industrial output falls record amount * Germany, UK seek global watchdog; U.S. regulators meet * Exxon, Chevron top forecasts; Caterpillar cuts more jobs * U.S., Japanese stocks fall; S&P 500 down 2.3 pct (For more on global financial crisis, click on [nCRISIS]) By Jonathan Stempel NEW YORK, Jan 30 (Reuters) - The U.S. economy shrank at the fastest rate since early in Ronald Reagan's presidency, Japan's business ...

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