Return to Washington Examiner Homepage
May 22, 2013 | 09:43 PM
news
Washington D.C. weather
News: Business

News Summary: Japan economy grew in last quarter

March 8, 2013 | Modified: March 8, 2013 at 2:16 pm
Leave a comment

RISING SOME: Japan's economy did better than first thought in the last quarter of 2012, eking out a slight expansion instead of shrinking.

SAYONARA RECESSION? The government upgraded its annualized growth figure for the fourth quarter to 0.2 percent, suggesting the world's No. 3 economy is emerging from recession.

YEN FOR GROWTH: A sharp weakening in Japan's currency in recent months is seen as a boost for the country's export manufacturers — especially big names like Toyota Motor Corp. and Sony Corp., but it also has raised costs for imports of fuel and other commodities.