Japan's Grows 3.9% in Q3

Marks fourth straight quarter of expansion

Japan's annualized economic growth in the July-September quarter was 3.9%, beating estimates, and 0.9% quarter-on-quarter, government data showed on Nov. 15.

The annualized figure surpassed market expectations of 2.5% growth for the quarter.

The fourth straight quarter of expansion was driven by a consumer rush to make the most of government subsidies for car buyers before they ran out and before a new tobacco tax was levied, pushing cigarette sales higher.

Copyright Agence France-Presse, 2010

Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish