Joyless recovery
Article Abstract:
Japan's economic recovery remains modest despite the freakish 12.7% growth rate reported for the first quarter, with the labor market crucial to any sustained recovery. The Bank of Japan quieted fears of an interest-rate hike with a report calling for a monetary policy aimed at helping the recovery. Unemployment remains at a post-WWII high of 3.5%, with companies that failed to lay off workers when the recession hit now reluctant to hire more as it ends. Only that, however, will boost consumer confidence and spending.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1996
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It's the recovery, stupid
Article Abstract:
There is now growing confidence that the Japanese economy is beginning to experience a revival. Most economists believe that the country will achieve economic growth of around 3% in 1996 and around 2% in 1997. The government's stimulus package provided the initial impetus for turning the economy around, and growth is now being fuelled by record low interest rates. Around one million new jobs have been created during 1996, partly as a result of the relaxation of employment regulations.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1996
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Press to start
Article Abstract:
Japan's economy is slowly recovering from the early 1995 high level for Yen and yet manufacturers are still not optimistic and problems of excess production and overloaded payrolls persist. However, though the Mar 31, 1996 economic growth projection of 2.8% seems unlikely, the Economic Planning Agency believes a 2%-3% growth rate is still possible for 1996-1997.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1995
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