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- Title
Japan.
- Abstract
Recent data point to an exit from recession in Q4 2014. Retail sales were up 2.8% in the three months to November, while industrial production was up 1.9%. In addition, exports are finally picking up significantly, and PMI readings are holding above the 50-mark. Still, activity levels remain well below those seen in early 2014. We estimate that Q4 saw growth of 0.6%, but this will leave output 1.6% lower than in Q1 - Japan will not see a sharp 'V-shaped' recovery from recession...
- Subjects
JAPAN; ECONOMIC conditions in Japan, 1989-; RECESSIONS; RETAIL industry; INDUSTRIAL productivity; PURCHASING managers index
- Publication
Economic Outlook, 2015, Vol 39, Issue 1, p39
- ISSN
0140-489X
- Publication type
Article
- DOI
10.1111/1468-0319.12138