[an error occurred while processing this directive]
BBC News
watch One-Minute World News
Last Updated: Monday, 12 June 2006, 06:57 GMT 07:57 UK
Japan upgrades economic growth
Japanese financial district
This is Japan's second-longest post-war growth period
Japan's economy grew faster than it previously thought in the first quarter of 2006 - rising by an annualised rate of 3.1%.

Official data from the Bank of Japan had earlier put the figure at 1.9% - which itself was nearly double what analysts had expected.

Under the revised figures, GDP rose 0.8% compared to the last quarter of 2005, Japan's Cabinet Office said.

The new data shows Japan is well on the road to economic recovery.

It will also prompt further speculation that zero interest rates may soon end.

Japan's Nikkei index closed 0.56% higher on Monday having suffered last week amid concerns that rising US interest rates would stem growth and hit Japan's export market.

Japan's economy is experiencing its second longest growth period of the post-war era.


SEE ALSO
Japan sees economic growth boost
19 May 06 |  Business
Japan economy slides to recession
16 Feb 05 |  Business
Business confidence dips in Japan
15 Dec 04 |  Business
Japan narrowly escapes recession
08 Dec 04 |  Business

RELATED INTERNET LINKS
The BBC is not responsible for the content of external internet sites



FEATURES, VIEWS, ANALYSIS
Has China's housing bubble burst?
How the world's oldest clove tree defied an empire
Why Royal Ballet principal Sergei Polunin quit

PRODUCTS & SERVICES

Americas Africa Europe Middle East South Asia Asia Pacific