Copying and distributing are prohibited without permission of the publisher
Japan: Dark Clouds Obscure the Sunrise
26 August 2010
Commentary from Peter Hall, vice president and chief economist, Export Development Canada (EDC).
Read more:
EDC comment
Peter Hall
Canada exports
Japan Canada
Japan economy
Last week began with double-barreled news from Japan that grabbed the airwaves. The industrial giant was bumped out of second place among world economies by China. This occurred as growth in Japanese GDP slowed to a crawl in the second quarter. The world seemed shocked, but it shouldn’t have been. China’s ascendancy was as imminent and predictable as Japan’s nascent slowing.
Progress in the post-recession months seemed to fuel hopes that at long last, the Japanese economy was turning the corner. For a six-month span starting last October, GDP growth averaged 4.2% at annual rates, quite a feat for Japan. But the optimists seemed to forget that even this growth still...
You must be logged in to view this page. If you are already a registered user please log in. Alternatively, you can request a free trial or subscribe.
Already have an account?
Subscribe
Subscribers have unlimited access to all current and archive content. Start your
subscription today - click on the button below.
Free trial
Taking a free trial will give you access to the latest news and analysis for two days
(excluding some surveys and articles). Start your free trial today.
