Japan's economy grew 3.7 percent at an annual pace in the second quarter, signaling end of nation’s worst recession since World War II, the government said Monday. There has been some hope that Japan's economy may have hit bottom in the first quarter. Recent signs have been pointing to a possible rebound in gross domestic product. Recent figures have shown other nations are also coming out of the recession, including Germany, France and Hong Kong, a sign the slowdown is easing. Japan’s recovery hinges largely on its export markets, which are showing signs of stabilizing. The slowdown in the US has hit it hard as American consumers have limited their spending. Japanese manufacturers have benefited from recovering demand in China and other emerging markets. The recovery may not be sustained once the $2 trillion in worldwide government stimulus that propped up sales for exporters runs out. In a recent Bank of Japan report, the central bank underlined its cautious view of the economy.