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2/13/06

Bloomberg.com: Japan's Q4 Economy Likely Grew 3 Times Faster Than U.S., Europe

Bloomberg.com

Japan's Q4 Economy Likely Grew 3 Times Faster Than U.S., Europe

Feb. 13 (Bloomberg) -- Japan's economy probably grew three times faster than the U.S. and Europe in the fourth quarter as companies and consumers increased spending. The world's second-largest economy expanded at an annual 5 percent pace in the three months to Dec. 31, according to the median forecast of 28 economists surveyed by Bloomberg News. That's five times the third quarter's 1 percent growth. The Cabinet Office will release gross domestic product figures at 8:50 a.m. on Feb. 17 in Tokyo.

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