During the months of January and March, the GDP of Japan witnessed .6 percent expansion. It was shown by the median forecast as conducted by the 12 analysts. It happened after the third largest economy of the world has shown contraction in the 4th quarter of year 2015. The damage was caused by week housing investment as well as private consumption.
Reuters poll clearly shows Japan’s capability to escape recession, though it was not broad enough, still the escape was visible. However, poor external and domestic demand as well as yen getting stronger may result in keeping a lid on any kind of recovery.
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