Japanβs Economy Recovered In Second Half But Barely Grew in 2024 NYT > Top Stories By:River Akira Davis and Hisako Ueno 16 February 2025 at 19:01 Though it recovered in the second half of the year, Japanβs economy barely grew in 2024 as a depreciated yen fueled inflation and strained households. Β© Yuichi Yamazaki/Agence France-Presse β Getty ImagesPresident Trumpβs proposed tariffs on U.S. trading partners, including Japan, are likely to further boost the dollar against the yen.