FT.com / Comment / Editorial - Japan’s deceptive green shoots

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Japan’s deceptive green shoots

Published: April 26 2009 19:54 | Last updated: April 26 2009 19:54

Japan is a cautionary tale for anyone with an eye for green shoots. At least twice in its “lost decade”, fleeting signs of recovery yielded to the reality that the economy had not yet overcome a crisis emanating from its burst bubble at the start of the 1990s. Twenty years later and even the seemingly verdant foliage resulting from six years of growth between 2002 and 2008 has shrivelled to nothing. The shockwaves from a crisis this time manufactured in the US will scythe some 6 per cent off output.