Passage of third extra budget may hold key to Japanese economy

October 04, 2011

Despite encouraging signs of renewed business confidence among companies, the government still faces a crucial test: its ability to get the domestic economy back on the path to recovery.

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Skilled workers mold molden metal at Hatakeyama Iron Works Co. in Tokyo's Ota Ward. The company is struggling with a sharp drop in orders resulting from the financial crisis triggered by the collapse of the U.S. investment bank Lehman Brothers in autumn 2008. (Ryo Shimura)

Skilled workers mold molden metal at Hatakeyama Iron Works Co. in Tokyo's Ota Ward. The company is struggling with a sharp drop in orders resulting from the financial crisis triggered by the collapse of the U.S. investment bank Lehman Brothers in autumn 2008. (Ryo Shimura)

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  • Skilled workers mold molden metal at Hatakeyama Iron Works Co. in Tokyo's Ota Ward. The company is struggling with a sharp drop in orders resulting from the financial crisis triggered by the collapse of the U.S. investment bank Lehman Brothers in autumn 2008. (Ryo Shimura)