(Image Source: MarketWatch)

BY: JUSTIN WHALEY

ANCHOR: JIM FLINK

You're watching multisource business news analysis from Newsy.

Japan’s numbers are in -- and with mixed reviews. With the Yen appreciating and GDP decreasing, some are skeptical about what’s in store for the Japanese economy.

Here’s CNBC:

“Japan’s economy shrinking much less than expected in the 2nd quarter --  GDP falling by 0.3%. Companies making strides in restoring output, though, after those devastating earthquakes in March. But the country’s finance minister cautions -- a soaring Yen and slowing global growth cloud the prospects for a sustained recovery.”

A Finance Ministry official addressed the high value of the Yen, which hurts Japanese exports. He tells Bloomberg...

“‘The yen may appreciate further, beyond 75 [per U.S. dollar] … Intervention, in order to be effective, needs to be persistent and continuous’ … The Bank of Japan will need to ease policy ‘rather aggressively’ to counter dollar weakness...”

Despite possible challenges ahead, some analysts are saying -- Japan is headed in the right direction.

“Japan’s been the story we’ve all been waiting for for a very long time. Maybe now, given the weakness we’re seeing elsewhere, maybe Japan will be able to come into its own and show us a little bit of growth, a little bit of development. … Let’s be optimistic. Why not? Why not now? They’re clearly picking up the pieces of the disasters they’ve undergone.”

And the Financial Times reports -- lingering effects of the March 11 disasters could still pose a problem.

The country lost a main reactor, and...

 

“Carmakers and electronics companies have coped well by shifting production away from peak times. However, if the power constraints continue in the medium term, companies will start to consider moving out...”

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