With Japan reporting GDP up 3.7% in the second quarter, some are wondering if its economy is in recovery.
From The Mainichi Daily News:
TOKYO (AP) -- Japan's economy grew 3.7 percent at an annual pace in the second quarter, signaling exports were gradually picking up after the nation's worst recession since the end of World War II, the government said Monday.
The rebound in April-June came after the world's second-largest economy contracted for four consecutive quarters, as consumer spending inched up and exports surged in cars, video recorders and other electronics goods, Kingo Toyoda of the Cabinet Office said.
Japan had sunk to its worst ever quarterly contraction in the October-December quarter, when its gross domestic product, or the value of a nation's goods and services, shrank at an annual pace of 13.1 percent.
