ECONOMICS COMMENTARY
Mar 05, 2013
Japanese PMIs point to Abenomics-fuelled growth upturn
Business confidence in Japan has surged to a five-and-a-half year high, fuelled by expectations of economic recovery following the government's pledge to defeat deflation. PMI data suggest that the country could pull out of its recession in the first quarter, but the rate of expansion is likely to be only modest and the government faces huge challenges to sustain the recent improvement in business sentiment.
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