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Double Dip Fears Ease - Japan GDP Up 4.9% Annual Rate

|Includes: iShares MSCI Japan ETF (EWJ)

First quarter GDP growth in Japan was short of the projected 5.9% annual growth rate, but still was a robust 1.2% increase over the fourth quarter.  The 4.9% annual rate is subject to revisions in coming months, which have in some past quarters been significant.

None the less, this announcement should be considered by most to be good news and a further indication that economic recovery is intact.  Japan has been through the worse economic slump in over half a century.

Source:  Mure Dickie at

Disclosure: No positions.