Japan recession escape unsustainable - Aberdeen

Japan limped out of recession after its economy expanded 0.9% in the second quarter compared to Q1 due to an aggressive $260bn government stimulus package. However, Aberdeen says it is unclear whether the momentum will be sustained once the package is spent. The country joins Germany, France and Hong Kong, which have all reported better-than-expected economic data, in exiting year-long 'official' recessions. However, Japan's debt to GDP ratio stands at around 220%, according to the IMF, which is about twice the size of Italy's, Europe's most profligate nation, says Hugh Young, mana...