The Japanese recovery is strengthening. The latest PMI (Purchasing managers index) is higher than it's been since the GFC began, and is trending strongly upward. The new policy of the authorities in Japan, to encourage moderate price inflation instead of deflation, is working. Output still hasn't recovered to the previous pre-GFC peak (you can see the GFC slump in 98, and then the downward spike because of the earthquake and tsunami in 2011, and since January last year a sustained recovery in both industrial production and the PMI. There is finally a sustained recovery in developed economies.
Disclaimer. After nearly 40 years managing money for some of the largest life offices and investment managers in the world, I think I have something to offer. These days I'm retired, and I can't by law give you advice. While I do make mistakes, I try hard to do my analysis thoroughly, and to make sure my data are correct (old habits die hard!) Also, don't ask me why I called it "Volewica". It's too late, now.
BTW, clicking on most charts will produce the original-sized, i.e., bigger version.