Pulling hard for a solid recovery

Butler, Steven
September 1993
U.S. News & World Report;9/27/93, Vol. 115 Issue 12, p66
Discusses concern that Japan may be slipping into a dreaded double-dip recession as battered businesses cut jobs, investment, wages and prices, while consumers clutch their purse strings even tighter. How dramatic appreciation of the yen has wreaked havoc on the fragile Japanese economy; Consumer caution; Why analysts see a few flickers of hope; Comments by economist Kenneth Courtis on what is needed to unleash a new round of consumer spending.


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