Japan posts economy growth in Q4 of 2012March 8, 2013 - 11:09 AMT PanARMENIAN.Net - Japan's economy did better than thought in the last quarter of 2012, eking out a slight expansion instead of shrinking, AP said. The government Friday, March 8 upgraded its annualized growth figure for the fourth quarter to 0.2 percent, suggesting the world's No. 3 economy is emerging from recession. The change raises growth for full-year 2012 to 2 percent from the originally recorded 1.9 percent. Growth was flat in October-December from the previous quarter. Preliminary data had reported a 0.4 percent contraction from a year earlier, and a 0.1 percent contraction from the previous quarter. The revision reflected higher than originally reported corporate spending and private consumption. Meanwhile, the Finance Ministry said Japan logged a deficit in its current account of 364.8 billion yen ($3.8 billion) in January, the third straight month of deficit. Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion. Partner news | Concept to complete Yerevan Cascade discussed at city hall A conceptual proposal to complete the Cascade complex in downtown Yerevan has been presented by Jean-Michel Wilmotte. Pashinyan visits flood-hit region Armenian Prime Minister Nikol Pashinyan on Saturday, June 8 visited the disaster area in the Lori province. €3.5 mln EU grant to support justice reforms in Armenia The European Union has paid €3.5 mln grant to Armenia within a €11mln program on Support to Justice Reforms. Yerevan reacts to Baku’s proposal to see Minsk Group abolition Alen Simonyan has declared that Armenia is taking steps aimed at concluding a peace treaty with Azerbaijan. |