Cold Weather Probably Snapped Japan Out of Recession: Economy
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Japan’s economy probably emerged from its third recession in five years last quarter as cold weather boosted consumption, bolstering Prime Minister Shinzo Abe’s campaign to revive growth.
Gross domestic product data due tomorrow will probably show an annualized 0.4 percent expansion in the three months through December, according to the median forecast in a survey of 32 economists. Banks including JPMorgan Chase & Co. and Citigroup Inc. raised their forecasts from a contraction this month after a gauge of consumption rose.