Japan's recovery may be brief: economists

[dArKeR]

LASH IN THE PAN: Deflation and a reliance on exports mean that the impressive growth of the past quarter may turn out to be just a blip in the ongoing stagnation

AFP , TOKYO
Monday, Feb 23, 2004,Page 12

Japan's economy scored the highest growth among major nations in the December quarter but economists warned that its heavy reliance on exports and stubborn deflation hindered it from leaving decade-old doldrums.

Japan has a small window of opportunity, they said, to spur domestic demand by spreading the current export-led recovery in large-scale manufacturers to smaller firms and service sectors, given expectations the US economy, the world's largest consumer market, will slow in about a year.

http://www.taipeitimes.com/News/worldbiz/archives/2004/02/23/2003099867

[papau]

1. given expectations the US economy, the world's largest consumer market, wi

given expectations the US economy, the world's largest consumer market, will slow in about a year


gee - US media is not saying this!

:-)

[Art_from_Ark]

2. They always yap about deflation

but for many of us having to make do with relatively low incomes in the Japanese economy, deflation has been a good thing.