Japan’s economy slows less than expected

Japans economy contracted less than expected in the last quarter, showing stronger signs of recovery from the deadly tsunami.

The economy shrank by an annualised rate of 1.3% in the three months to the end of June, the Cabinet Office said. It shrank 0.3% from the previous quarter.Most forecasters were expecting drops of about 2.6% and 0.9%.

The figures should boost optimism that Japan will emerge from recession.

Read the rest of the story: Japan economy slows less than expected in last quarter.

Leave a Reply

Your email address will not be published.