Minggu, 08 September 2013

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Japanese growth data revised higher

Nikkei sharesJapanese markets have been buoyed by recent optimism for a recovery

Japan has revised up its growth data for the April to June quarter, adding to hopes of an economic recovery.

The economy expanded 0.9% during the period, compared to the previous three months. That translates into an annualised growth of 3.8%.

The initial estimate of quarter-on-quarter growth was 0.6%.

Japan has taken aggressive measures in recent months to spur growth in the world's third-biggest economy, after years of stagnation.



Source: BBC News - Business http://www.bbc.co.uk/news/business-24012225#sa-ns_mchannel=rss&ns_source=PublicRSS20-sa