Report by Japan

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The Japanese economy, which had been in an expansionary phase since March 2009, was temporarily stagnated by the Great East Japan Earthquake in March 2011, mainly due to a sharp decline in production and private consumption. After that, the economy picked up as the supply chains of production activities were gradually re-established. In the first half of 2012, the Japanese economy was on the way to recovery at a moderate pace mainly driven by domestic demand including reconstruction demand, although it has sounded a weak tone recently due to the deceleration of the world economy. Regarding prices, the Japanese economy is in a mild deflationary phase, although the tempo of deflation has been slower.

Related Topics: Trade monitoring
Countries: Japan
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