(MENAFN) Analysts in Japan predict that the country's economy has likely expanded in the October-through-December period of 2014, marking the first growth in three quarters, QNA reported.
Ten private research firms and financial institutions in Japan released their estimates, with estimations that the gross domestic product (GDP) grew between 0.5 percent to 1.2 percent.
The figures translate to annualized growth of between 1.9 percent to 4.8 percent. That would be a rebound from a contraction of 1.9 percent in the July-to-September quarter.
Analysts say consumer spending picked up in the fourth-quarter period as the impact of the consumption tax hike last April eased. They also cited higher winter bonuses as a positive factor.
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