• Japan reports economy grew 2.5 pct year-on-year in July-Sept

    One year ago - By Chron

    TOKYO - Japan's economy grew at a 2.5 percent annual pace in July-September, faster than the earlier estimate of 1.4 percent growth, the government reported Friday.
    The revision issued Friday reflects higher than expected business investment and rising inventories. 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...
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