Post-quake restoration demand continued to drive the Japanese economy

TOKYO, Japan – The JAL Group (JAL) announced today, the consolidated financial results for the first three quarters of fiscal year 2012 (year ending March 31, 2013), reports eTN United States.

During this nine-month reporting period, post-quake restoration demand continued to drive the Japanese economy; however, the economic rebound was blunted by a slowdown in the global economy. Recently, signs of a business recovery were seen following the change of administration in Japan, such as the weakening of the yen, and a rise in stock prices. On the other hand, the third quarter encountered risks of possible economic stagnation due to the economic slowdown in Europe, China, etc., deflation in Japan, strained diplomatic relations due to territorial issues, and such, causing the outlook to remain opaque.

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