Japan Headed Toward Longest Economic Recovery in History

Japan's economy will achieve real growth in the 2% range this fiscal year, thanks to strong personal spending and capital outlays, according to panelists at an economic forum held May 29 jointly by Nihon Keizai Shimbun Inc. and the Japan Center for Economic Research.

They also generally predicted that the recovery will likely be the longest since the end of World War II, surpassing the 57-month Izanagi Boom from 1965 to 1970.