Japan's Economy Set to Grow For First Time in 3 Years
Japan's economy will grow for the first time in three years in the year to March 2011 as stimulus boosts domestic demand, the government said on Friday in budget forecasts, but it added that the Bank of Japan should support the economy as mild deflation will persist..
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China raised its 2008 growth estimate to 9.6 percent from 9 percent and said this year’s quarterly figures will increase, narrowing the gap with Japan, the world’s second-biggest economy.
Gross domestic product was 31.405 trillion yuan ($4.6 trillion) last year, the statistics bureau said at a briefing in Beijing today. That compares with a previous 30.067 trillion yuan and the World Bank’s estimate of $4.9 trillion for Japan.
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CreateWealth8888:
So, are Asian Markets going to be more bullish in 2010?
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