1.   Much of Europe was in the grip of postwar recession.

2.   But in each postwar recession, manufacturing jobs were lost and never returned.

3.   Inflation has been the trigger for nearly all postwar recessions.

4.   Japan is struggling to emerge from its worst postwar recession.

5.   Most economists agree that the six emergency public spending programs are the main reason the economy rebounded from its worst postwar recession.

6.   On the whole, the central bank painted much the same picture of the economy it has since Japan began emerging from its longest postwar recession early last year.

7.   With Japan stagnating in its longest postwar recession, it may be understandable that the government would not want to create a panic about its banking system.

8.   Japan is still struggling to recover from its longest postwar recession despite some improved economic indicators recently.

9.   Japan is still struggling to recover from its longest postwar recession, despite some improved economic indicators recently.

10.   Rates on Japanese bank loans and government bonds have fallen dramatically in recent years as the nation struggles to recover from its deepest-ever postwar recession.