Japan economy moves out of recession

2.2% growth against 3.7% forecasts

(ANSA) - Rome, February 16 - Japan's economy moved out of recession in the fourth quarter of 2014, growing by an annualised 2.2% in the three months to December in a preliminary reading, compared to forecasts for a 3.7% increase.
    The economy contracted in the two previous quarters.
    Japan has been recovering from a sales tax hike, which dampened spending.
    The economy grew 0.6% in the period from the previous quarter, but that also fell below forecasts of 0.9% growth.
   

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