Publication

The article analyzes the process of Japan's economic recovery since 2002. It highlights various macroeconomic aspects such as monetary policy, domestic consumption, public debt, and labor markets. The author examines the implications for European-Japanese business relations with regard to recovery and recession. According to the author, Japan's decade-long economic development strategy, based on regular government interventions, is no longer applicable and structural reforms are badly needed. However, the author fears that the efforts made so far might be jeopardized by policy errors and concludes that the country's economic recovery is likely to remain a fragile, export-led regime.