1 For example, according to the latest projections by the International Monetary Fund, Japan’s Economy was expected to grow by 4.3 percent in 2010, the highest rate of growth among the G-7 countries (Chart 1).
Moreover, the unemployment rate in Japan, although higher than before the failure of Lehman Brothers, is at 4.9 percent, which is far below the roughly 10 percent in the United States and the euro area (Chart 2). Of course, the current level of economic activity is still below that before the global financial crisis and therefore not satisfactory.