Japan's first-quarter growth revised upwards
The Japanese economy powered forward by an upwardly revised 1 per cent in the first quarter of the year, reflecting the impact of the Tokyo government's reflationary drive.
The quarter-on-quarter expansion in the world's third-largest economy translates into an annualised growth rate of 4.1 per cent.
The news boosted the Nikkei index by almost 5 per cent. The Japanese stock market is down by 13.5 per cent from its peak last month but remains 27 per cent higher than at the start of the year.
The government of Japan's Prime Minister Shinzo Abe has begun a stimulus programme designed to pull the country out of two decades of stagnation.
The revision to GDP growth was due to a smaller drag from the capital spending component of demand, which fell by 0.3 per cent on the previous quarter, less than the 0.7 per cent first recorded. Japan's exports grew by 3.8 per cent against the final quarter of 2012.
Diving in at the deep end is no excuse for shirking the style stakes
- 1 Game of Thrones author George RR Martin says 'f*** you' to fans who fear he will die before finishing Westeros saga
- 2 Loom bands: Bids for dress made from colourful rubber pass £170,000 on eBay
- 3 Why I'm on the brink of burning my Israeli passport
- 4 L'Oreal cuts ties with Belgium supporter Axelle Despiegelaere after hunting trip photographs
- 5 The true Gaza back-story that the Israelis aren’t telling this week
Game of Thrones author George RR Martin says 'f*** you' to fans who fear he will die before finishing Westeros saga
Loom bands: Bids for dress made from colourful rubber pass £170,000 on eBay
Supermoon 2014: When and why will the moon look bigger and brighter this summer?
Tommy Ramone dies: Last surviving founder and drummer seminal punk band The Ramones dies aged 62
Gaza-Israel conflict: The terrible price Palestinian children are paying for Israel’s war with Hamas
Sustained immigration has not harmed Britons' employment, say government advisers
War is war: Why I stand with Israel
7/7 memorial defaced on anniversary of 2005 attacks with ‘Blair lied thousands died’ graffiti
Australia facing international condemnation after turning around Sri Lankans at sea
Even when it brutalises one of its own teenage citizens, America is helpless against Israel
Socialist Worker called to apologise over ‘vile’ article saying Eton schoolboy Horatio Chapple's death is ‘reason to save the polar bears’
iJobs Money & Business
£70000 per annum: Harrington Starr: Information Security Manager (ISO 27001, A...
£75000 - £85000 per annum + ex bens: Deerfoot IT Resources Limited: Biztalk Te...
£60000 per annum: Harrington Starr: Trade Desk Specialist (FIX, Linux, Windows...
£35000 per annum: Harrington Starr: Service Desk Analyst (Windows, Active Dire...