WNYT.com

News Summary: Japan economy grew in last quarter

Updated at: 03/08/2013 1:39 PM
By The Associated Press

RISING SOME: Japan’s economy did better than first thought in the last quarter of 2012, eking out a slight expansion instead of shrinking.

SAYONARA RECESSION? The government upgraded its annualized growth figure for the fourth quarter to 0.2 percent, suggesting the world’s No. 3 economy is emerging from recession.

YEN FOR GROWTH: A sharp weakening in Japan’s currency in recent months is seen as a boost for the country’s export manufacturers _ especially big names like Toyota Motor Corp. and Sony Corp., but it also has raised costs for imports of fuel and other commodities.

(Copyright 2013 by The Associated Press. All Rights Reserved.)