A question of calculation: Japan's economy might be in much better shape than we thought

Oct 28, 2016

A woman walks past an electronic stock quotation board outside a brokerage in Tokyo June 24, 2015. Japan's Nikkei share average vaulted to the highest level since 1996, ramping up the gains to around 20 percent since the start of the year thanks to signs of a pick up in economic growth, earnings optimism and hopes Greece will avoid a debt default.

New calculations for Japan's economy could present a much improved economic situation. Image: REUTERS/Issei Kato

Koichi Hamada

Professor of Economics, Yale University

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