Japan GDP surges 1.5%

Japan's economy rebounded in the third quarter, growing for the first time since the catastrophic earthquake in March.

Japan's economy rebounded in the third quarter, growing for the first time since the catastrophic earthquake in March. Japan's Cabinet Office said GDP grew by 1.5% in the three months to the end of September, compared with the previous three months, the BBC reports. The gain comes after three quarters of contraction, with the latest figures showing exports have provided a lift to the economy after improving. Net exports accounted for a third of the growth. However, while the numbers are positive, experts have warned the strength of the yen, coupled with the slowdown in Europe, c...