1.4 Japan

In 2013, the Japanese economy continued its moderate recovery, aided by a weaker yen and a rise in the stock market following monetary easing by the Bank of Japan. Nonetheless, the government’s forecast announced in August of real GDP growth of 1.7% and nominal GDP growth of 1.9% is likely to be more along the lines of 1.5% and 0.9%, respectively, according to analysts.