S-T Growth Bounce To Fade Fast

Japan's real GDP growth surprise of 1.2% q-o-q in Q309 (4.8% annualised) masks the ongoing contraction in nominal output, which shows that while more is being produced, it is being sold for less. With final demand likely to remain weak on falling wage growth and stalling consumer sentiment, we maintain our downbeat assessment on the country's growth prospects in 2010 and beyond.

To read the full article, please choose one of the following options: