Reuters: US Dollar Report: Japan Q1 GDP revised up to 1.2 pct q/q expansion

Reuters: US Dollar Report Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

Japan Q1 GDP revised up to 1.2 pct q/q expansion Jun 7th 2012, 23:55 TOKYO, June 8 | Thu Jun 7, 2012 7:55pm EDT TOKYO, June 8 (Reuters) - Japan's economy grew a revised 1.2 percent in January-March from the previous quarter, government data showed on Friday, more than initially reported last month, in a sign the recovery was on track due to firm domestic demand. The rise in gross domestic product was slightly bigger than economists' median forecast for a 1.1 percent expansion, and compared with a preliminary reading of 1.0 percent growth, the Cabinet Office data showed. The revised figure translates into annualised growth of 4.7 percent in real, price-adjusted terms, against 4.4 percent projected by economists and a preliminary reading of 4.1 percent. The world's third-biggest economy was hit hard last year after the March 2011 earthquake and tsunami, but it has gotten a boost this year from rebuilding in the disaster-struck areas and solid consumer spending.

You are receiving this email because you subscribed to this feed at blogtrottr.com. If you no longer wish to receive these emails, you can unsubscribe from this feed, or manage all your subscriptions