Japan's Economy Showing Momentum After Years Of Struggle

Investing.com - The Japanese economy is doing something it hasn't done in a long time--and that's sustained growth.The economy is enjoying its longest expansion since the 1990s--seven quarters and counting--thanks partly to Prime Minister Shinzo Abe and Central Bank Governor Haruhiko Kuroda.The rebound caps two decades of slipping in and out of recession and the persistent threat of deflation.Growth has been driven by strong exports on the back of a weaker yen and the long awaited, if modest, rebirth in domestic spending.With unemployment at a 25-year low, Abe is pushing companies to implement generous wage increases, which would hopefully spark consumer spending.That and the buildup to the 2020 Summer Olympic Games in Tokyo could provide another leg to the growth spurt.