Posted by: youngragingbull | May 16, 2013

Japan GDP up 0.9% over Jan-Mar quarter

Japan’s economy expanded at a faster-than-expected rate in the first quarter of 2013 according to government data released Thursday.

The Cabinet Office reported that the gross domestic product grew 0.9% in the January-March period from the quarter ended Dec. 31, after adjusting for inflation. On an annualized basis, the quarterly growth represents a 3.5% increase.

The result beat expectations for a 0.7% quarter-on-quarter increase, and a 2.8% annualized expansion.

The first-quarter growth is three times the 0.3% quarter-on-quarter expansion recorded in the last three months of 2012, which itself followed two quarters of contraction.

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  1. Reblogged this on Adithya Entertainment.


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