Moreover, the severity in the employment situation has eased somewhat, with non-scheduled hours worked increasing and the ratio of job offers to applicants on an uptrend. Nevertheless, the employment and income situation remains severe on the whole, which warrants continued attention. The baseline scenario for the outlook is that Japan’s economy is likely to follow a recovery trend.
When capital flows were not quite so much of a problem At the onset of the Asian crisis in mid 1997, the Australian economy was growing at around trend rates, with domestic demand beginning to accelerate, and underlying inflation below 2 per cent.