Il Japan emerges from recession and the Tokyo Stock Exchange rises to a seven-and-a-half-year high. According to preliminary estimates published this morning, in the last quarter of 2014 GDP grew by 0,6% compared to the period July September e of 2,2% every year. Average estimates by analysts assumed an annualized expansion of around 3,6-3,7 per cent. In the 2014 calendar year, growth dropped to zero from +1,6% in 2013.
In the wake of the re-emergence from the recession and the good resistance of Wall Street, the Nikkei index closed the session gaining 0,51%, at 18.004,77 points. It's the first time that Tokyo Stock Exchange surpasses the threshold of 18 points since July 2007. The broader Topix index closed the day up 0,69%, at 1.459,43 points. Very active session, with 2,47 billion shares traded.
as to industrial production Japan, grew by 0,8% month on month in December (data revised downwards from 1% of the preliminary reading) after the decline of 0,5% in November (+0,4% in October) and against 1 % increase expected by economists. According to the final reading released by the Japanese Ministry of Economy, Commerce and Industry, on an annual basis the figure marks an increase of 0,1% (the first increase in the last three months) against the collapse of 3,7% in November.
