Japan's economy surges in third quarter | Inquirer Business

Japan’s economy surges in third quarter

/ 08:39 AM November 14, 2011

TOKYO — Japan’s government says the economy expanded at a 6 percent annualized rate in the July-September quarter as the country staged a recovery from the March earthquake and tsunami.

The real gross domestic product reading marks the first expansion for the world’s No. 3 economy in four quarters.

The Cabinet Office said Monday that the result translates to GDP growth of 1.5 percent from the previous quarter.

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TAGS: Business, economy, Japan

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