Japan’s economic recovery fake-out
Way back in March, I had put this Bloomberg editorial about “Japan Lags Burkina Faso” in my clipping file. Now I guess it’s time to dust it off.
Japan Inc’s report of Japan’s “recovery” after the “Lost Decade(13 years and counting)” reminds me of Lucy pulling the football away from Charlie Brown.
Japan cuts its growth estimates
business.scotsman.com, June 14, 2005
JAPAN yesterday cut back estimates of its economic growth in the first three months of this year, saying sluggish overseas demand led to slower exports growth and stagnating inventories.
First Botswana, Now Japan Lags Burkina Faso: William Pesek Jr.
March 18 (Bloomberg) – Japan has a unique talent for killing economic recoveries just as they get going. It’s a dubious skill, and one that’s rearing its head once again….
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