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"Japan declared Friday that the country had finally turned the corner on its 18-month recession, but a number of experts said the prognosis appeared to be motivated more by political pragmatism than the health of the economy. "
"In its monthly report on the state of the economy, the government said that although the conditions remained 'difficult,' the economy had "bottomed out." The statement, while not statistically official, means Prime Minister Junichiro Koizumi believes Japan's third recession in a decade is over. " "But the report Friday acknowledged that a timid recovery was linked mainly to an improvement in the economies of Japan's major trading partners in the United States and Asia, rather than to any improvement in domestic conditions."
"The turnaround overseas has helped bolster Japan's exports, stimulating production and driving down inventories. But there is widespread skepticism that an export-driven upturn will lift other parts of the economy. Japan, experts say, remains too dependent on growth overseas. "
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