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Keyword: keizai

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  • Japan’s GDP grew 3 times faster than estimate (revised to 3.3% estimate from initial 1.1% estimate)

    09/12/2005 7:04:58 PM PDT · by snowsislander · 3 replies · 271+ views
    Financial Express ^ | September 12, 2005
    SEPT. 12: Japan’s economy grew at a 3.3% pace in the second quarter, triple the initial estimate, adding to investor confidence in the recovery after Prime Minister Junichiro Koizumi won a landslide election victory. The estimate, released by the Cabinet Office on Monday in Tokyo, compares with an August 12 estimate for a 1.1% annualised pace of expansion. Spending by businesses increased 3.6% from the 2.2% initially estimated. Growth in the world’s second-largest economy averaged 4.6% in the first half, the fastest in 15 years. Japanese stocks gained as an accelerating economy and the election victory increased optimism that Koizumi...