GDP rise shows Tokyo's aggressive tactics are working

Article Abstract:

The growth of Japan's gross domestic product, computed at an annual rate of 0.9% for the Apr to Jun 1999 quarter, is indicative of its correct approach to solving the nation's economic problems, according to Prime Minister Keizo Obuchi. The performance, which exceeded the performance forecast of most analysts, follows an 8.1% expansion that the country posted for the first three months of 1999. The development served to reinforce the belief that Japan is finally recovering from the recession.

Administration of General Economic Programs, Economic Development Adm, Statistics, Economic policy, Economic development, Gross domestic product

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Setting sun, rising sun

Article Abstract:

China's rise as an economic powerhouse is felt as a threat by some Japanese. The situation is compared to the U.S.'s fear over Japan's boom in the 1980's. Despite increased imports of textiles and electronics from China, Japan need not be concerned by healthy competition, as a weak Japanese economy would leave China with fewer consumers.

China, Intnl Economic Relations, International economic relations, International competition (Commerce), International competition (Economics)

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