Japan’s GDP rebounds 1.5 per cent

Japan's economy grew 1.5 per cent in July-September from the previous quarter following three quarters of contraction as exports and consumption rebounded from a slump caused by the March earthquake, government data showed this morning. The quarter-on-quarter rise was in line with the median estimate for a 1.5 per cent increase and follows a 0.5 per cent contraction in the previous quarter.