Nissan Motor Co. President Carlos Ghosn expects Japan to grow in 2012 on recovery from last year's devastating tsunami, although he cautioned that curbing the yen's strength is crucial since it is already resulting in job losses and a hollowing out of industries.

"In 2012, we will see a rebound compared to 2011 because 2011 has been such a terrible year," Ghosn said in an interview, referring to the March 11 earthquake and tsunami that ravaged northeastern Japan, disrupted global supply chains and crippled the output of Japanese manufacturers, including the automakers that have been leading the nation's economic growth.

Saying Japan has everything necessary for growth in the coming years, such as great infrastructure, advanced technology and abundant capital, Ghosn stressed Japan now needs to focus more on policies that help its industries to grow.