Is this the end of recession? At least, latest data indicated that. According to the revised survey, Japan saw its economy expand in the final quarter of 2012. Certainly, the news is a good sign for Prime Minister Shinzo Abe who is focused on getting Japan out of two long decades of deflationary stagnation.
Japan’s exports dropped at the fastest pace since the post-earthquake slump in the year to September. The fall in Japan’s exports was affected by a global economic slowdown, the yen’s strength and a territorial dispute with China.