TOKYO – An economic turnaround seems finally to be under way in Japan, but the most critical question remains unanswered: Can the recovery be sustained? While Tokyo authorities insist the economy is on a gradual recovery path, Central bank officials say it is too early to reverse the ultra-easy monetary policy that has kept interest rates near zero for the last three years. "The recovery is real, but the economy is still in the intensive care unit," Richard Koo, chief economist-Nomura ...
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