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1、考研英语时文天天读考研英语基础复习之通过时文泛读记单词、练翻译每日一篇lText01JapaneseGDPfiguresraisehopeofrecoveryByBarneyJopsoninTokyoPublished:February1820042:07

2、LastUpdated:February18200419:57TheJapaneseeconomygrewinthepastquarteratitsfastestratesincethe1980sassetbubblebegantosubside,raising hopesthatthecountryiso

3、nthewaytoputtingmorethanadecadeofstagnationbehindit.Japan'sgrossdomesticproductexpandedatanannualised7percentinthethreemonthstoDecember,withfreshdataon Wednesdayshowingtherecoveryhasbroaderfoundationsthanexportgrowth.TheimpressiverateofexpansionsurpassedUS growthof4percentinthesamep

4、eriod,andpromptedtheBankofJapan'sdeputygovernortosaythisyearcouldmarka turningpointinthebattleagainstdeflation,whichhasdoggedtheeconomysincethelate1990s.Inthepastsixmonths,positiveeconomicfigureshavehelpedbuildconfidenceinthepossibilityofasustainablerecovery. Corporatebankruptciesfe

5、lllastyearforthefirsttimeinfouryears;unemploymentisatatwo-and-a-halfyearlow;banks arebringingtheirbadloansundercontrolandconsumerpricesroselatelastyearforthefirsttimesince1998,albeitfor one-offreasons."GDPisverystrong,"saidMasaakiKanno,economistatJPMorganChaseinTokyo,"andreflectsthe

6、recoveryoftheglobal economyandthestrengthofexports".SalesofdigitalcamerastotheUSandindustrialequipmenttoChinaarebooming,but equallyimportantisthattheeffectshavebeguntofilterthroughtothedomesticeconomy,withcompaniesincreasingtheir capitalspendingtoupgradeproductioncapacity.Wednesday'

7、sdatashowedlong-awaitedsignsofarevivalinprivateconsumption,withstablewages,risingbonusesandfalling unemploymentmakingconsumersmoreconfident.ButMrKannosaidthepastquarter'srateofexpansionwasnotsustainable, addingthatJapan'sannualtrendgrowthwas3percent.Growthforthe2003calendaryearwas2.

8、7percent.KazumasaIwata,BankofJapandeputygovernor,saidthatifGDPcontinued toriseatthatpaceJapancouldbegintoconquerdeflationthisyear."ItispossibleforJapantoovercomedeflationifit canpostagrowthrateof2-3percentforthesecondconsecutiveyear,"hesaid.Fallingpriceshavehobbledtheeconomyby crimp

9、ingcorporatesalesan