Thursday, May 16, 2013

Is Japan back?

Japan's economy went faster than expected in the first quarter of 2013. Real GDP grew 0.9 percent, which brings an annualized basis of 3.5 percent!! Here we see a rise in consumer spending. "... gross domestic product numbers are the first major report card for Mr. Abe's economic policy, after he took power in December pledging to get Japan out of 15 years of deflation", the Nikkei writes. Wow, Abenomics... Some fear inflation though. Prices to rise. Impact on corporate world? Too soon to say Hurray. "Japan which was a little bit forgotten for years as the third-largest economy is back center stage so it's good," said Nissan's Chief Exec' Carlos Ghosn.

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