Booming Japan

Japan is now booming. I am not feeling that, however. And so are many businesspeople, I think.

The Yomiuri Shimbun
Oct. 7, 2006

The current economic expansion phase will most likely equal that of the Izanagi boom, which was the longest continuous period of growth, lasting four years and nine months in the late 1960s.
The milestone comes as the government decided Friday to declare in its monthly economic report for October that the economy is still in the recovery phase, government sources said.
The report will be announced Thursday. The current economic expansion phase started in February 2002.
The Izanagi boom occurred in the middle of the nation's high economic growth period and lasted from November 1965 to July 1970.
In its outlook in the monthly economic report, the government will say the economic recovery supported by the domestic private-sector demand is expected to continue for a while, the sources added.

I feel it somewhat strange to hear the economy recover. Has the deflation faded away yet? I don't think so.