Rebuilding in Japan and slowing inflation in China will begin to reignite global demand, while weakness in Europe will force the ECB to delay tightening.
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The same held true for post-World War II rebuilding of Japan and Germany, also coming off a much lower per capita income and consumption base.
Companies including Caterpillar ( CAT), Cummins ( CMI) and Deere ( DE) are expected to reap the benefits from the rebuilding efforts in Japan and are all trading higher today.
This system provided stability during the post-war period, when a booming Japan was rebuilding itself.
More recently, many predicted that Japan's rebuilding after the March 2011 nuclear disaster would lift its stock market higher.
With rebuilding from the earthquake a priority, Japan favors a weaker yen.
Now that Japan faces the task of rebuilding its coastal communities, can it cast its relationship with the sea in a new light?
After WWII the U.S. faced unprecedented challenges--the emerging Cold War with the Soviet Union and the rebuilding and democratizing of shattered Europe and Japan.
And we want to emphasize to the Japanese people that we will be with them throughout the rebuilding process, and are very confident that Japan will continue its role as a global leader.
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Eleven months after an earthquake and tsunami devastated Japan, photographers returned to document the intensive rebuilding progress.
The evidence that this experiment in nation-rebuilding was, on the whole, successful can be seen in Japan's position today as a peaceful, democratic, and of course, supremely prosperous nation.
Earlier, the International Monetary Fund said it believed Japan's economy was strong enough to afford the cost of rebuilding the damage from the earthquake and tsunami.
Assuming Japan is able to navigate away from further crises, the process of rebuilding its fractured economy could potentially call for more labor at home.
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Hopes are pinned on rebuilding enthusiasm for soccer in the period before the World Cup that will be held in Japan and South Korea in 2002.
He hopes the rebuilding will not be a return to the old ways, but an opportunity to reform the government and make Japan's economy more integrated with the outside world.
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