Although the economic recovery of the United States has continued for more than 110 consecutive months, which is longer than Japan's current recovery phase, so far no signs of the spread of a bubble can be detected.
This is partly because the pace of growth has been moderate during this period and various financial regulations based on lessons learned from the global financial crisis have been put in place. Given these observations, the continuing stable growth of the U.S. economy -- the growth engine of the global economy -- provides substantial grounds for confidence in Japan's economy as well.