Japan’s 3.7 % economic expansion last Q ended the country’s worst postwar recession. The bounce may be as good as it gets. Growth will low to an annual 2.9 % pace in the three months ending Sept. 30, according to the median forecast of 10 economists surveyed after yesterday’s gross domestic product report. Falling business investment and ...

The most encouraging employment report since last summer suggested on Friday that a recovery was under way  and perhaps gathering steam  despite the indisposition of the nation’s businesses to resume hiring or even stop shedding jobs. Employers eliminated 247,000 jobs in July, a huge number by the standards of an ordinary recession, but the sma...

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