International Forex Inforamtion

(RTTNews) - The Japanese economy expanded 1.2 percent in the third quarter of 2009 compared to the previous three months, the Cabinet Office said on Monday - sharply higher than the 0.7 percent increase that had been forecast after the 0.6 percent quarterly gain in Q2.

It also marked the fastest growth since the first quarter of 2007.

On an annualized basis, real gross domestic product surged 4.8 percent - again shattering expectations for a 2.9 percent increase following the 2.3 percent gain in the second quarter.

Nominal GDP was down an annualized 0.3 percent in the third quarter, while the deflator was up 0.2 percent after adding 0.5 percent in the previous three months.