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(From Journal of Japanese Trade & Industry (JJTI))
Byline: Sasaki Takeshi
An increasing number of people argue that the Japanese economy is on the road to recovery. In particular, real economic growth for the fourth quarter of 2003 (October-December) reached a surprising annualized 7% increase over the previous period, the highest increase since the bubble economy. People have often pointed out that this figure is not reflected in their daily lives, and one reason given for this is that the figure for the real growth rate is "forced upward" by statistical factors. In other words, due to a fall in commodity prices, the growth rate is significantly ...