Sun, Aug 15, 2004 - Page 11 News List

Japan's recovery far from over, economists predict

SIZZLING Market watchers said the unexpected slowdown in economic growth was just temporary, and that consumer spending and capital investment would turn around

NY TIMES NEWS SERVICE , TOKYO

Kenichi Ooya, 37, says that even though he is taking home more money this year from his job at a marketing company in Tokyo, he is careful about how much he spends.

"I have two children and I'm worried about the future," he said. "The economy might be getting better, but that is only because many companies are cutting costs by laying people off."

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