Japan Escapes Recession But Growth Misses Forecasts
Fueled by exports, Japan’s gross domestic product increased at an annualized rate of 2.2% in the three months through December, government data showed Monday, well below the 3.6% growth forecast by economists.
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Exports rose 2.7% from the previous quarter, the biggest increase in four quarters, indicating that Mr. Abe’s weak-yen policy—the currency has fallen by around a third against the U.S. dollar since late 2012—is finally having the desired effect of significantly increasing exports.
More here:
http://www.wsj.com/articles/japan-q4-gdp-worse-than-expected…
Anirban