The latest economic news about the Japanese economy showed modest but positive growth of 2.2 percent for the 4th quarter of 2014. Economic forecasters were expecting 3.6 percent. It must be remembered, except for the US, most economies are not near growth projections. Even China has not shown strong growth, compared to it past growth record. But for Japan, after two consecutive negative growth periods, has shown again, that its not dead.
Except for the U.S. economy of late, most economies have not been able to show sustained economic growth. Consumer demand probably remains fragile in Japan along with business investment. But even 2.2 percent is still huge for an economy the size of Japans. Take that 2.2 percent against any of the individual EU countries and I would be sure they would be happy for that kind of growth.
© 2015 Tom Metts, all rights reserved
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