Monday, August 17, 2009

Following Germany and France, Japan's economy leaves recession

The U.S. media, public, and the lawmakers need to pay attention to what is going on with these three countries.

BBC News:

The economy had shown four consecutive quarter-on-quarter contractions.
Correspondents say that the rise is due to a huge government stimulus package and it is unclear whether the momentum will be sustained.

Recent figures have shown other nations coming out of recession, including Germany, France and Hong Kong, a sign the global slowdown is easing.

[More]...

Massive government stimulus measures helped to boost the economy, including cash handouts and subsidies to buy energy efficient cars and home appliances, the BBC's Roland Buerk in Tokyo says.

Manufacturers also benefited from recovering demand in China and other markets.

But Japan could still face a long road to sustainable recovery, our correspondent says.

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