Japan’s economy expands thanks to restructuring

Japan’s GDP Gross Domestic Product has been growing in the first quarter of 2012 by 4.1 % on an annual basis (+1.0 % on a not annualised basis) and geared by resurgent domestic demand (+ 1.1 %) and government spending (+ 5.4 %)

The growth is above expectations of experts (3.5 %) and it contrasts well with the growth rates of the USA (2.2 %), where Eurozone was stagnant and China’s GDP expanded by 8.1 % (but weakest result in three years). Japanese exports grew by 2.9 % (-3.7 % in the last quarter of 2011).