• Bloomberg


The economy will probably keep expanding in 2008, though higher oil prices and a slowdown in the United States are risks to growth, economic and fiscal policy minister Hiroko Ota said Monday.

“Japan’s recovery will probably continue next year,” Ota said, though she added that the U.S. housing recession could stunt consumer spending in Japan’s largest export market.

Unable to view this article?

This could be due to a conflict with your ad-blocking or security software.

Please add japantimes.co.jp and piano.io to your list of allowed sites.

If this does not resolve the issue or you are unable to add the domains to your allowlist, please see out this support page.

We humbly apologize for the inconvenience.

In a time of both misinformation and too much information, quality journalism is more crucial than ever.
By subscribing, you can help us get the story right.