Surprise recovery in late 2002

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• Princes of the Yen whole source · open book

  Given the normal time lag, this meant that by late 2002, industrial production, as well as domestic consumption, and hence real GDP, staged a recovery that surprised most observers.

  chapter: 16. Reflation: Another Miracle in the Making

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• Richard Werner author of the source

Appears in 3 stories

• Paper money, central banks, and credit creation step 66
• Princes of the Yen: Japan built, bubbled, and broken step 316
• Quantitative easing begins in Japan step 24

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