Quite a few of them are also, like us, small and strongly influenced by the prices of commodities on international markets. The list includes both developed economies and emerging economies, from the West and from the East.
Going forward, as balance-sheet adjustments in the United States and Europe make fair progress, in Japan the improvements in the corporate sector originating from exports are likely to spill over to the household sector. Therefore, in fiscal 2011, Japan’s economic growth is likely to clearly accelerate.