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Monday, August 17, 2009

Japan Emerges From Recession

FT.com -- Japan has climbed out of recession after the economy returned to growth in the second quarter, raising hopes that the worst of the financial crisis is over in the world’s second-largest economy. Data released on Monday showed that gross domestic product expanded 0.9% quarter-on-quarter on a seasonally adjusted basis, following four quarters of contraction. On an annualised basis, the economy grew 3.7%.

Originally posted at Carpe Diem.
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2 comments:

  1. bobble8/17/2009 9:12 AM

    "What wasn't mentioned is that GDP actually shrunk in nominal terms (i.e. more was produced, but sold for less) . . . how strong is end-user demand really if the price deflator increase GDP a full 1% quarter over quarter?"

    Japan's Odd Q2 Positive GDP Print

    ReplyDelete
  2. KO8/17/2009 3:24 PM

    A 1 quarter rise means their recession is over? That's a definition I've never seen before.

    ReplyDelete

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