Still waiting for recovery

It has really not been a great time for the Japanese economy. The Nikkei Index is still languishing below 14,000 and the consumers are still staying away from the shops. Bond yields are falling sharply, as traders look for the Bank of Japan to reverse its decision in August 2000 to end its "zero-interest rate decision" and cut key lending rates which currently stand at 0.25%.

The major casualty of the weakness in the Japanese economy has been the currency, which recently hit an 18-month low at

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