Japan's economy grows 4.1 pct amid recovery
TOKYO, MAY 17 (AP/UNB) - Japan's economy grew at an annual rate of 4.1 percent from January to March amid a gradual recovery from last year's catastrophic earthquake and tsunami.
The Cabinet Office said Thursday the preliminary data for the gross domestic product, the measure of the nation's goods and services, showed a rebound in consumer spending that was lifting the economy.
Northeastern Japan and its economy were badly hit by the March 11, 2011, earthquake and tsunami, as well as the nuclear crisis that followed. And across the country many Japanese were in mourning and stayed away from stores, theaters and pubs after the disaster, hurting an already hobbled economy.
The Cabinet Office said Thursday the preliminary data for the gross domestic product, the measure of the nation's goods and services, showed a rebound in consumer spending that was lifting the economy.
Northeastern Japan and its economy were badly hit by the March 11, 2011, earthquake and tsunami, as well as the nuclear crisis that followed. And across the country many Japanese were in mourning and stayed away from stores, theaters and pubs after the disaster, hurting an already hobbled economy.
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