Japan's Economic Growth: A Pyrrhic Victory? Japan's economy has emerged from its first quarter slumber, growing at an annualized 2. 1% rate – a respectable figure that surpasses expectations.
However, this growth belies underlying strains on the economy, which are starting to manifest in worrying ways.
The growth is largely attributed to improved consumption and strong exports, particularly in the IT sector. While these gains may seem impressive, they come at a considerable cost.