13 Feb 2012 by Jim Fickett.
Today Japan's Cabinet Office reported GDP figures through Q4 of 2011. The economy shrank from the third to the fourth quarter. More importantly, the economy has been more or less stagnant for two years.
So the nation is hanging in there, but with a high yen, poor economic conditions in its main export markets, and limitations on electric power following the nuclear scare last year, a real recovery seems not yet to be taking hold. This of course does not help in getting the debt situation under control.