Japan economy shows good momentum

Japan’s economy expanded in the October-December quarter as the country recovered from a slew of natural disasters, the government said in a report on Thursday. According to the Cabinet Office, the economy in the recording quarter grew at an annualized rate of 1.4 percent. The figure for gross domestic product, the total value of goods and services produced in Japan during the quarter, follows a 2.6 percent contraction in the previous quarter on an inflation-adjusted basis, the government’s preliminary figures showed.