Japan sees crisis lessening

Japan: The Japanese government and banking authorities see the recovery of the national and world economy closer, with signs of improvement and a reduction of the deterioration rhythm.

A report by the Japanese government and statements from Japanese Central Bank president Masaaki Shirakawa agreed on the idea the situation is difficult but the fall has slowed down and the economic and financial conditions are getting more stable.

There are traces of a slight recuperation, the authorities said , and stated that the plans for anti-crisis reactivation would support the economy if they were stopped.

The official information assured the Japanese economy will lower export and industrial production.

Nevertheless, income and benefits are still under pressure, something that forces the reduction in investments, which is the second economic engine for the Japanese national economy.

Many economists consider that the worst point of the crisis has passed, and signs of improvement in the industrial sector are being seen.

The same experts predict that the Gross Domestic Product might increase in the second quarter, compared with the same period of 2008, when it fell by 4 percent.

Japan is the 2nd world economy and one of the most affected nations by the global economic crisis, with a recession now reaching 15.2 percent. Tokyo, Prensa Latina