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Preliminary estimates show that Japan’s economy expanded by 4.4% in 2010, outperforming forecasts that even the most optimistic economists had presented at the start of the year. The year ended, however, with mixed economic signals foreshadowing softer growth expected for 2011. While credit conditions and bank lending show gradual improvement, the Bank of Japan’s most recent Tankan Survey declined for the first time in seven quarters, and mild consumer deflation persists.
Source : RREEF
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