Rapidly growing neighbors as well as government stimulus programs helped Japan return to growth much more quickly than any had expected. Japan’s Q3 growth surged sharply at a 4.8% annualized clip. It was Japan’s second consecutive quarter of growth — accelerating from the 2.7% annualized rate of Q2.
The good news for Japan early Monday comes on the heals of solid growth reports from the U.S. and Europe where GDPs have also started expanding again. Japan’s report adds additional creditably to the notion suggesting a broad global recovery is solidly under way.
The news will likely add fresh rally fuel to Wall Street as Y/Y stock market gains continue to shine.
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