Analysts expect a steady growth in the Japanese economy

World Today

Analysts expect a steady growth in the Japanese economy for the fiscal year of 2015. However, full recovery seems to still have a long way to go.

CCTV’s Terrence Terashima filed this report from Tokyo.

Analysts expect a steady growth in the Japanese economy

Analysts expect a steady growth in the Japanese economy

Analysts expect a steady growth in the Japanese economy for fiscal 2015. However, full recovery seems still a long way to go. CCTV's Terrence Terashima filed this report from Tokyo.

Highlights:

  • Japan began 2015 with a bullish stock market, of over 13 percent rise in the first 3 months, helped by the weaker yen, lower oil prices and low interest rate.
  • After a disappointing year in 2014, Japanese public are hoping that the economy will gradually recover in 2015.
  • The Japanese economy posted a rebound in the quarter ending in December after two consecutive quarters of contraction.
  • Recent government survey showed that business sentiment of large companies in the three months to March, dropped to 1.9 from 5.0 in the previous period.
  • Most experts agree that the Japanese economy is still fragile.