Japan's GDP shoots to 3.7% in Q4, double expected rate

02/14/2008 | Bloomberg

Japan's economy grew 3.7%, twice as fast as economists expected, in the fourth quarter. Rising demand from Asia, Russia and the Middle East encouraged companies to increase spending on factories and equipment. "The U.S. still matters but there's a more balanced source of demand than there was 10 years ago," said David Cohen, director of Asian forecasting at Action Economics.

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