Europe in the World

Recovery or Recession? The Japanese Economy in 2005 and EU-Japan Economic and Business Relations

11 March 2005


In a special Issue Paper, Senior EPC Policy Analyst, Axel Berkofsky, reviews the current state of the Japanese economy and the prospects for a return to sustainable economic growth in 2005 including an end to deflation. Because EU-Japan economic and business relations will by affected by the development of Japan's economy, the EU and Japan have intensified their two-way regulatory reform dialogue discussing regulatory and market access issues. Despite some hopeful news on exports and economic growth, the author cautions  that it is too soon to be sure that Japan will be achieve sustainable growth and thus attract enough European investment to offset the continuing imbalance in EU-Japan trade.

Recovery or Recession? The Japanese Economy in 2005 and EU-Japan Economic and Business Relations

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Programme Team


Head of Europe in the World programme and Senior Fellow

Giovanni Grevi
g.grevi@epc.eu

Researcher in EU energy and climate policy, Institute of European Studies, Free University of Brussels

Marco Giuli
marco.giuli@vub.be

Senior Policy Analysts

Paul Ivan
p.ivan@epc.eu
Amanda Paul
a.paul@epc.eu

Junior Policy Analyst

Ivano di Carlo
i.dicarlo@epc.eu

Programme Assistant

Marco Zeiss
marco.zeiss@epc.eu