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Sat, 09/28/2024 - 11:37
Submitted by maithuy on Mon, 08/15/2011 - 10:10
Japan's economy contracted less than expected in the last quarter, showing stronger signs of recovery from the deadly tsunami.

The economy shrank by an annualised rate of 1.3% in the three months to the end of June, the Cabinet Office said. It shrank 0.3% from the previous quarter.

Most forecasters were expecting drops of about 2.6% and 0.9%.

The figures should boost optimism that Japan will emerge from recession.

BBC/VOVNews

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