World Business NewsA round up of the latest news for those doing business internationally
Japan economy surges ahead of tax hike impact
Zone(s): Japan ¦ Sector(s): Economy
[10 June 2014, CITY A.M.] The Japanese economy grew at an even faster pace than thought during the first quarter of the year, according to revised figures that show it is the fastest-growing advanced economy by some distance.
The country’s GDP rose by 1.6 per cent in the first three months of the year, up from the 1.4 per cent increase that was expected and 1.5 per cent in the first estimate. On an annualised basis, GDP grew by 6.7 per cent.