TOKYO: The Japanese economy expanded strongly during the last quarter of 2006. According to government data, GDP grew 1.3%, or an annualized rate of 5.5%. The figure was revised upwards from 1.2%, released last month as a preliminary result.
The revision was partly the result of stronger-than-expected capital spending and public sector investments. Economists say growth for Q1 is likely to slow considerably from Q4 as consumption returns to a slower pace.
Data sourced from Wall Street Journal Online; additional content by WARC staff