The current state of the Japanese economy  I would now like to turn to the current state of the Japanese economy. BIS Review 105/2006  1  The current phase of economic recovery began in January 2002. In November, it will have lasted for four years and ten months, exceeding the Izanagi boom, the longest postwar economic expansion (57 months during 1965-70).
Looking at recent economic developments, exports have continued to increase against the background of the expansion of overseas economies, which I have just outlined. By destination, exports to the United States have maintained their steady growth as a whole, although growth in automobile-related goods has slowed somewhat.