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解析：{{B}}Text 2{{/B}} For month

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【单选题】{{B}}Text 2{{/B}}

For months the Japanese searched fitfully for the right word to describe what was happening.At theBank of Japan, the nation’s central bank, officials spoke of "an adjustment phase." Prime Minister admitted only to "a difficult situation." TheEconomic PlanningAgency, the government’s record keeper, referred delicately to a "retreat." Then two weeks ago, for the first time since 1997, the agency dropped its boilerplate reference to the "expansion, from its closely watched MonthlyEconomic Report, and the word game was over. Japan’s economy, the world’s second largest, conceded the experts, was in recession.
That admission confirmed the had news businessmen had been reading in their spreadsheets for several months. "In 2001 one market after another turned bad," says Yoshihiko Wakamoto, senior vice president of ToshibaCorp. , which now admits that its pretax profits for fiscal 2001, ending March 31, may be down a whopping 42%. InApril, when many Japanese companies announce their results for 2001 fiscal Year, most will report declining profits.Blue chips like Sony, NEC、and Matsushita have all experienced drops of over 40% in pretax profits. Japan’s security houses, hit by declining commissions from a falling stock market, will announce even more dramatic drops. Nomura Securities, once Japan’s most profitable company, is talking about an 80% decline in profits.Auto manufacturers, banks, airlines, steel companies, department stores —all are in a slump.
Technically, what is happening to the Japanese economy does not meetAmerican criteria for a recession, normally defined as at least two consecutive quarters of negative growth. While economic growth has slowed in Japan, it has not ceaseD、Government economists are predicting a 3.5% increase in GNP for 2002. Outside experts are not so optimistiC、But nearly everyone agrees that GNP growth in Japan is unlikely to slip into negative numbers, as it did last year in the U. S. andBritain. "There’s no question that we are in a recession," pronounces Kunio Miyamoto, chief economist of the Sumitomo-Life Research Institute. "But it is a recession, Japanese-style."
During the last half of the 1990s, Japanese companies based much of their expansion around the world on the wildly inflated values of the Tokyo StockExchange and Japan’s frenzied real estate market. Now both those markets have collapseD、And with long-term interest rates up from 5% to 7%, Japanese companies are less able to sell vast quantities of high-quality goods at razor-thin profit margins.Added to this are pressures from shareholders for a greater return on investments, from Japan’s trading partners for restraints on its aggressive trade practices, and from its own citizens for a reduction in their working hours so they can enjoy the fruits of 40 years of relentless toil.
The writer seems to admit that Japanese companies gained great profits in the 1990s mainly by means ofA．its overseas expansion.
B．its economic planning.
C．its workers’ contribution.
D．its high-quality goods.

网考网参考答案：A
网考网解析：
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