A year ago Japan crashed, with its economy in freefall.
Now it is one of the world’s worst-hit economies, with the government saying the country will run out of cash by the end of the year.
Here are three ways the Japanese economy is still recovering from the crash: 1.
Unemployment is higher than in March, but that has dropped to 5.9% compared with the same time last year.
It is the lowest since 2007.
Japan has seen its stock market drop by more than half in the last year, to an all-time low.
Unemployment has gone down even more than it was when the financial crisis hit.
But that hasn’t slowed the government from pushing through more stimulus measures, including a $5.6 billion program to buy insurance policies to provide financial protection.
Japan’s economy is forecast to grow by 0.4% in the second quarter, its slowest pace in four years.
But the unemployment rate remains high at nearly 6%.
“We have been doing a lot of stimulus, but we are still not making enough progress,” Prime Minister Yoshihide Suga said in Tokyo on Tuesday.
“The problem is that our labor force is shrinking and our unemployment rate is rising.
It’s not the case of a recession, but a long-term slump.”
There are signs that the economy is starting to recover.
The government said Tuesday that its industrial production index rose to a five-month high in April, the best performance since the global financial crisis, and that the pace of industrial growth is expected to accelerate this year.
And it expects growth to pick up in the fourth quarter.
But some economists warn that the recovery will be more gradual, with many companies holding off on hiring as they try to reduce payroll costs.
A survey of 1,200 Japanese firms by the Japanese Manufacturing Council showed that nearly half said they are planning to cut jobs this year, a sign of the economic downturn.
The council expects employment to grow only 0.3% in 2020 and then slow to 0.1% by 2021.
Japan is not alone in having problems recovering from a recession.
Many other major economies have seen job losses as a result of the financial meltdown.
In Britain, which suffered a huge economic meltdown, unemployment fell to 8.1%, a record low.
In the United States, the unemployment figure fell to 4.7% in February and to 2.5% in March.
In Canada, where unemployment was 6.9%, the unemployment number is at 1.5%.
Economists say that Japan’s troubles reflect the challenges of a globalized economy that has become more complex and reliant on technology and the internet.
“This is a global phenomenon and has affected all of us,” said Yoshihisa Takahashi, the chief economist at the Japanese Export-Import Bank.
“As we become more interconnected with each other, we have become more sensitive to each other’s concerns and actions.
That is a risk that we are now dealing with.”