TOKYO (AP) — Japan's economy grew an at annual rate of 4.1 percent in the first quarter amid a gradual recovery from last year's catastrophic earthquake and tsunami.
The Cabinet Office said Thursday that the preliminary growth figures showed that a rebound in consumer spending was lifting the world's third-biggest economy.
After the March 11 disaster last year, many Japanese were in mourning and stayed away from stores, theaters and pubs.
That compounded the damage from disruptions to manufacturing in northeastern Japan, where many auto and electronics plants ground to a halt, and other parts of the country.
The latest data showed that private consumption grew at an annual rate of 4.4 percent. Consumer spending makes up more than half of Japan's economy.
seattlepi.com
The Cabinet Office said Thursday that the preliminary growth figures showed that a rebound in consumer spending was lifting the world's third-biggest economy.
After the March 11 disaster last year, many Japanese were in mourning and stayed away from stores, theaters and pubs.
That compounded the damage from disruptions to manufacturing in northeastern Japan, where many auto and electronics plants ground to a halt, and other parts of the country.
The latest data showed that private consumption grew at an annual rate of 4.4 percent. Consumer spending makes up more than half of Japan's economy.
seattlepi.com
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