[QODLink]
Asia-pacific

Japanese concerned over the economy

PM to unveil new phase in economic recovery, amid concerns initial success will be hard to maintain.

Last Modified: 31 May 2013 03:21
Email Article
Print Article
Share article
Send Feedback

The stock market in Japan has rocketed by more than a third this year; prices are rising too; but wages have been static.

The impact on the economy as a whole is certainly being felt. In the first quarter of this year, it grew at 3.5 percent, fuelled not just by a weakening yen, but also by an increase in domestic consumer demand.

But the longer-term success of Shinzo Abe’s gamble rests on a number of things: on consumer spending spreading beyond the wealthy to the rest of Japan; on business starting to invest in increased capacity again; and on his ability to push through structural reforms of how Japan’s economy works.

Al Jazeera's Harry Fawcett reports from Tokyo.

119

Source:
Al Jazeera
Email Article
Print Article
Share article
Send Feedback
Topics in this article
People
Country
City
Featured on Al Jazeera
UNHCR says hundreds of people trapped in Yaloke town risk death if they are not evacuated to safety urgently.
'Justice for All' demonstrations swell across the US over the deaths of African Americans in police encounters.
Six former Guantanamo detainees are now free in Uruguay with some hailing the decision to grant them asylum.
Disproportionately high number of Aboriginal people in prison highlights inequality and marginalisation, critics say.
Featured
Long-standing dispute over Christian use of the word 'Allah' raises concerns about a very un-Merry Christmas.
The threat posed by ISIL has prompted thousands of young Kurds to join the PKK.
Baja California - with its own grim history of disappeared people - finds a voice in the fight against violence.
Russian feminist rockers fight system holding 700,000 - the world's largest per capita prison population after the US.
Weeks of growing protests against Muslims continue in Dresden with 15,000 hitting the streets last Monday.