Japan begins its recovery
November 18, 2009
The Japanese economy grew 4.8 percent in the third quarter of the year thanks to exports, especially to China, and the plan of fiscal stimulus of the Japanese Government. It's the largest increase of the gross domestic product (GDP) Japanese since 2007.
However, although this fact brings oxygen to the Asian country, and has exceeded all forecasts - which provided for an advance by a 2.2-2.7%-, the Japanese Government also notes that even several threats they plan on the economic future of Japan. This is the case of deflation, one of the most serious that has been added to the weakness of the labour market. For this reason, Naoto Kan, Deputy Prime Minister and one of those responsible for economic and fiscal policy of the country, explained in press that it was necessary to continue stimulus policies to ensure recovery.