There is little question that after an abysmal 1998 and 1999 and the marked turnaround in the early ...
There is little question that after an abysmal 1998 and 1999 and the marked turnaround in the early part of this year, the soft stage of Japan's current economic recovery is now behind it. However, despite the near term peaking out of industrial production growth and a stabilisation in capex expansion, we believe the economy still has enough momentum to maintain current levels of growth into next year. Even though economic growth in Japan may now be stabilising, the country has come sufficiently far in recent years so that a potential slowdown does not precipitate another major crash. Whi...
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