Japan's Grows 3.9% in Q3

Nov. 14, 2010
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

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