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Sunday, February 15, 2015

Japan Out of Recession, Although Growth Disappointing

Above, the National Diet Building in Tokyo. Photo by Armand Vaquer.

Japan came out of its recession during the third quarter of 2014, but the rate of growth was disappointing.

According to the BBC:
The economy expanded by an annualised 2.2% in the three months to December in a preliminary reading, compared to forecasts for a 3.7% increase.

The recession did not affect Japan's tourism industry as they posted record numbers of foreign visitors in 2014.

To read more, go here.

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