Government stimulus helps bring Japan out of recession
17/08/2009
A government stimulus package to boost consumer spending helped bring Japan out of recession in the second quarter of 2009, new figures have shown.
The country’s gross domestic product increased by 0.9% in the second quarter, compared to the first. The Japanese economy, still the second-largest in the world, had contracted for each of the previous four quarters.
Prime minister, Taro Aso, announced a stimulus package of around $150 billion in April.
The news comes on the back of announcements of second-quarter growth for the economies of France and Germany.
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