Japan Enjoys A Mini-Recovery – But How Long Will It Last? Japan is enjoying a mini-recovery, as Prime Minister Shinzo Abe encourages wage increases and business spending. The government has tweaked tax policies to encourage companies to hire staff and boost investment. In fact, GDP grew by an annualised, seasonally adjusted, rate of 4.1% in Q113, led by healthy private consumption. There are also positive signs that business confidence is looking up. Abe’s ruling Liberal Democratic Party (LDP) wants to do well in Upper House elections due in July, and it knows that it needs to get the economy moving …
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