Japan’s big three raise new funds as recovery beckons
THE NEWS that Japan just about managed to retain its second ranking ahead of China with a 1.1% growth in gross domestic product for the final quarter of 2009 brought some optimism that the country is finally on a path to economic recovery.
However, previous positive growth figures for the third quarter were revised downwards to zero and there are lingering fears that the economy could lapse back into recession.
Nonetheless, the significant contribution of export growth and domestic demand to the latest...
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