Japan bounces back

The Japanese economy grew at the fastest pace in a year in the first quarter, a sign that the "Abenomics" program of Prime Minister Shinzo Abe (left) is having the desired effect. Abenomics is a renewed assault on the deflation that has plagued Japan's economy for years. GDP rose at an annualised 3.5 per cent in the quarter.

The Japanese economy grew at the fastest pace in a year in the first quarter, a sign that the "Abenomics" program of Prime Minister Shinzo Abe (left) is having the desired effect. Abenomics is a renewed assault on the deflation that has plagued Japan's economy for years. GDP rose at an annualised 3.5 per cent in the quarter.

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