The Wall Street Journal reports Japan's economy grew for the first time since early last year, pulling the economy out of its longest recession since World War II and offering the latest sign that the world is pulling out of its economic slump. But the data showed Japan benefited from inventory adjustments and a rise in exports and government spending -- not natural domestic demand -- suggesting lingering structural problems that could undermine any Japanese recovery. The nation's real GDP grew 0.9% in the second quarter from the prior quarter, an annual pace of expansion of 3.7%, Cabinet Office data showed. That was slightly worse than the 1% on-quarter growth and 3.9% annualized expansion forecast by Tokyo-based economists polled by Dow Jones Newswires. It was Japan's first quarter of GDP growth since the quarter ended in March 2008. Investors, who have pushed up Japanese shares for weeks and largely expected Japan's figures to show an end to the recession, sold following the news on profit-taking and some disappointment with the data. The Nikkei ended Monday down 3.1% amid a regional selloff.
to be honest, the recession here is pretty bad, i've been here for over 5 years and it's getting worse and worse. i'm sure it's the same back home.
Eurozone is said to recover mid next year. Are you living in Japan? Your use of pronouns is confoozing.
