Japan GDP picks up by 1.2% in April-June quarter following the stimulus packages
By Mark Moneymaster
November 15, 2009 11:08 PM
November 15, 2009 11:08 PM
Japan's gross domestic product (GDP) rose at 1.2% in the quarter from the April-June period, or 4.8% on an annualized basis.
This was more than the expected rate in the July-September quarter anticipated by economists. due to stimulus in the country, which helped keep the nascent economic recovery on track in the period.
Corporate capital investment rose at 1.6%, up for the first time in six quarters. Domestic demand added 0.8% to growth.
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