Japan has passed the worst of its current slump and is on course to grow next fiscal year, but the recovery of the world's second-largest economy could yet prove vulnerable, Kaoru Yosano, finance minister, said yesterday.
Mr Yosano's comments came as government data showed an increase in household spending but also unemployment rising to a five-year high of 5.2 per cent.
In an interview with the Financial Times, Mr Yosano cited industries such as cars, steel and electrical machinery as leading the rebound after an “unthinkably bad” first quarter of this year.
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