• Japan economy gains momentum, grows 2.5 percent in July-Sept

    One year ago - By Chron

    TOKYO - Japan's economy is gaining momentum, expanding at a 2.5 percent annual pace in July-September, the government said Friday.
    The upward revision from an earlier estimate of 1.4 percent growth reflects higher business investment and rising inventories, it said.
    In quarterly terms the world's third-largest economy expanded at a 0.6 percent pace, twice the original estimate, the report said.
    Private demand rose 0.3 percent from the previous quarter; the earlier estimate had it flat.
    A revival in demand across the region and in other major markets has helped breathe new life into Japan's...
    Read more ...