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Japanese economy wary of false dawn

Japanese economy wary of false dawn article image
Japan will experience an economic recovery before the USA due to its trading relationship with China, say financial analysts. However, despite factory output recording an 8.3 percent rise in the June quarter, economists are wary of a false dawn, the likes of which Japan saw in the 1990s during their so-called 'lost decade'. The increase in production output is likely to correspond with a rise in gross domestic product of around 1.3 percent, the first growth in five quarters, according to Morgan Stanley economist Takehiro Sato. Figures are not yet available for Japan's economic performance in the June quarter, though official data shows a trade surplus for the month of June as well as an increase in unemployment to 5.4 percent, which bodes well.

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