Japan's growth signals recovery

Note: This section contains information in English only.
Source: Bloomberg
© Scanpix/Reuters

Japanese economy experienced growth for the first time since earthquake in March 11. Recovery was mainly boosted by increase in exports. According to Cabinet Office in Tokyo, Gross Domestic Product added annualized 6% from July 1 to September 30. Economic output of ВҐ543 trillion reached pre-earthquake level. Nevertheless, Kiichi Murashima, Citigroup Global Markets chief economist in Japan, predicts GDP to slow down in the 4th quarter amid weakening global demand and appreciation of yen.

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