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EDITORIAL: Japan's economy should not rely on weak yen for its growth

photo：Prime Minister Shinzo Abe, seated second from right, meets with business leaders to ask them to increase the wages of Japanese workers on Feb. 12, as part of the effort to lift the nation out of deflation. (Shiro Nishihata) Prime Minister Shinzo Abe, seated second from right, meets with business leaders to ask them to increase the wages of Japanese workers on Feb. 12, as part of the effort to lift the nation out of deflation. (Shiro Nishihata)

The Bank of Japan upgraded its economic outlook on Feb. 14. While the growth rate for the October-December 2012 period in real terms dropped from the previous quarter, the small size of the contraction confirmed that the economic slowdown was minimal.

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