Japan’s Economy Grows 2% – World Bank Sees 2.9%
Japan’s Cabinet Office released a report saying that Japan’s GDP grew by 0.5% in the third quarter or 2.0% for the year.
It is the seventh month in a row of growth and caused the annual GDP to be nearly double the 1.1% earlier prediction.
Increases in exports and capital investments were given as the primary reason.
The World Bank, however, no doubt, pushing different buttons on their
calculators predict a 2.9% growth this year and 2.4% in 2007.
The World Bank credits tougher economic measures taken by Japan’s new PM with giving more confidence to the corporate sector.
No matter. Japan’s economy is expanding and the Japanese are spending.
That’s good news for businesses everywhere.
What do you think?
