Data Revision Shows Japan's Economy Grew
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Japan's economy barely grew during the quarter ending Sept. 30 and in the April-June period it actually shrank instead of squeezing out slight growth, according to revised government data released Wednesday.
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Japan&#39;s Nikkei 225 Stock Average rose on expectations a government report today may provide further evidence of growth in the world&#39;s second-largest economy.
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The economy grew at a faster than expected annual rate during the second quarter of 2007, official data showed on Wednesday.
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Japanese stocks rose Thursday after the government announced the economy grew 4.8 percent in the October-December quarter. The dollar was lower against the yen.
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Japan's economy grew at a worse-than-expected annual pace of 0.3 percent in the third quarter as exports and capital expenditures weakened.
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Softening a surprise, pushing stocks and yen lower; economists say there&#39;s little cause for alarm. TOKYO  - Japan revised downward second-quarter economic growth Friday to 0.3 percent from an initial
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The Japanese government downgraded its view on the economy slightly on Tuesday, citing weaker exports and output, but it said a recovery was continuing due to steady domestic demand, in terms of both personal consumption and capital spending.  "The economy continues to recover, while some weak movements have been seen recently," the government said in its monthly economic report.
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Japan's central bank shows signs of confidence in the country's economy, raising interest rates to 0.5%.
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Prime Minister Yasuo Fukuda said Tuesday that Japan's economy was continuing a recovery despite recent turmoil in financial markets over fears of a global recession.
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Strong export demand helped Japan to grow at a rate of 3.7% in the last quarter of 2007, figures show.
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The Commerce Department Wednesday said its final report, or third reading, on gross domestic product showed the economy expanded at a revised annualized rate of 4.0%.
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Japan&#39;s current account surplus expanded 8.2 percent in July from a year earlier for its 13th consecutive month of growth, the government said Thursday.
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Japan's economy has marked its longest economic expansion since World War II, according to a government report Wednesday.
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Japan got a double dose of good economic news Friday with the release of healthy industrial production and consumer price figures that underlines continued recovery of the world's second-largest economy.
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The US economy performed better than initially thought in the second quarter of 2006, revised data shows.
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Tokyo&#39;s Nikkei average rose for the first time in three sessions to close 0.62 percent higher on Wednesday after investors found positive signs in revised Japanese economic growth figures that were sluggish overall.
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Japanese business sentiment improved in September from three months ago, according to a key Bank of Japan survey released Monday.