These folders make looking for information easier and faster by dynamically grouping your results into meaningful categories. What little momentum the Japanese economic recovery had mustered now seems to be dissipating IF THIS is recovery, spare us recession. All winter, the share prices of Japanese companies have been sliding, something that not even last week s interest-rate cut in America could halt. Bond yields are also falling, in the expectation that deflation will persist well into the future.
Bankruptcies also show an alarming increase, which raises more concerns about Japan s fragile banks.
Exports are lower, household spending is weakening and businesses show signs of losing faith in their investment plans. Only five months after the Bank of Japan raised interest rates for the first time in ten years, high-street prices are falling faster than ever. After settling into the idea that its economy might be growing again, Japan is once more entertaining thoughts of recession. That prospect seems scary, because this time round there are few quick fixes to hand. As the government has piled on more debt, public opinion has hardened against spending more on public works to bail out the economy.