Japanese Growth Accelerates

Big Picture

May 22, 2015

A noticeable uptick in Japanese economic growth this week provided fresh evidence that stimulus efforts are working in the world’s third largest economy. Japanese GDP grew at an annualized 2.4% in the first quarter – the fastest pace in a year – and more than double the 1.1% recorded in the previous quarter. The much-needed jump supports policy makers’ views that an aggressive mix of monetary and fiscal stimulus is re-invigorating an economy that’s been dormant for years.

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