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Japanese economy rebounds from recession; growth still lower than estimates

  • The Japanese economy came out of recession in the last quarter of 2014 but grew at a slower-than-expected pace. 

    The annualized growth for the world’s third largest economy in the October-to-December period was 2.2%, lower than the 3.7% forecast.

    The fourth quarter growth comes after Japan’s economy contracted in the second and third quarters of the previous year.

    An increase in sales tax had hit spending in 2014, and new data indicate that consumer confidence remains tentative.

    Tagged as: Japan, Japanese economy, recession, annualized growth, sales tax, consumer confidence, business news