Developments in economic activity and prices in Japan: present conditions and outlook  We all recall how the Great East Japan Earthquake undermined the Japanese economy and caused serious damage to supply chains in the manufacturing sector. With the restoration of supply chains, Japan’s economic activity picked up steadily, though that recovery lasted only until autumn 2011.
Before answering yes to one or all of the above, it is important to note that businesses in other countries have also been accumulating cash balances and delaying fixed investments – in many instances reporting rates of investment that are much lower than the rates of depreciation, pushing the capital stock ever lower.