Economy

xchrom

(108,903 posts)

23. Japan economic growth upgraded, will likely outperform other advanced nations

Tue Jun 18, 2013, 06:26 AM

Jun 2013

http://uk.reuters.com/article/2013/06/18/uk-economy-poll-japan-idUKBRE95H0AO20130618

(Reuters) - Japan's economy will likely grow faster than expected just a month ago, driven by aggressive monetary stimulus despite the recent surge in the yen and corresponding sharp fall in Tokyo shares, a Reuters poll showed.

The latest upgrade came after news that Japan's economy expanded at an annualised rate of 4.1 percent in the first three months of the year, more quickly than initially estimated.

Indeed, the world's third-largest economy is expected to outperform other advanced nations, if only in the near term for now.

That optimism has come from Prime Minister Shinzo Abe's unprecedented plans to stimulate the economy out of decades of on-off recessions and persistent deflation.

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