Infrastructure investments and low inventories overseas will boost Japanese exports in 2010, but a self-sustaining recovery will not take root until private sector demand can stand on its own without government support.
Stirred by Greece's public finance woes, Japan's leaders swung back into fiscal consolidation mode but skimped on non-budgetary measures to restructure the economy.
Deflation will dog Japan well into 2010 and 2011, delaying rate hikes until[...]
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