Bank of Japan raises outlook for economy for the first time in almost three years
The Bank of Japan today raised its outlook for the economy for the first time in almost three years on signs that the record contraction in the first quarter was the turning point of the worst recession since 1945.
The Japanese economy grew an annualised 6.0% rate in the third quarter, rebounding from a slowdown caused by the devastating March 11 earthquake and tsunami, government data showed Monday.