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Hotel Industry News |
Friday December 5th, 2008 |
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Global Hospitality Resource Market Focus: Toyko, Japan |
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Japan experienced 0.5% year-on-year growth in real Gross Domestic Product (GDP) to reach Yen 481 trillion in 1999. Whilst the macroeconomic policies and structural reforms implemented over the past two years in Japan have been instrumental in bringing about economic recovery, the International Monetary Fund (IMF) predicts the recent pickup remains fragile.
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