Does Japan’s Recession Really End?
Big news. The Cabinet Office announced that Japan’s economy grew 3.7 percent at an annual rate in the second quarter, positive GDP for the first time in five quarters.
The Japanese government says that the Japanese economy is out of recession. But, really? We are still skeptical - the employment rate is still high, wages continue to fall, and small and medium enterprises continue to suffer.
Time for “Banzai” is yet to come.
August 17 2009 04:43 pm | Weekly Articles
