(...) This publication looks at the role played by business services within the European economy and traces their recent development through the use of short-term business statistics (STS). It identifies a range of services that escaped the dramatic downturn associated with the crisis and shows that several of these have already seen their activity return to levels that are close to their pre-crisis highs. (...)
Intervention will not reverse yen weakness
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Loose fiscal policy no longer makes sense now that Japan has escaped
deflation
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