Posted on 14 Feb 2008
Japan's real economy grew a stronger-than-expected annualized 3.7% in the three months through December for the second straight quarter of expansion, aided by brisk Asian-bound exports and firm corporate capital spending, the government said Thursday.
The growth in gross domestic product for the third quarter of the current fiscal year corresponds to a 0.9% expansion in GDP from the previous three months, the Cabinet Office said in a preliminary report. In 2007, the world's second-biggest economy grew a real 2.1% for the eighth straight year of expansion.
