The Japanese economy to expand more than expected next year

By @ibtimes on

Amid the Japanese government's efforts for the rebuilding process during the year, the economy will expand more than expected in 2012, due to the reconstruction efforts that following the earthquake's damage that hit the economy.

Moreover, the economic growth will grow 2.1% next year, compared with current estimates of 1.7%, while the economy has recorded the first contraction during the three months ended December 2010.

Moreover, The Bank of Japan added 8 trillion yen ($98 billion) into money markets today, adding to yesterday's record cash injection, in an effort to secure the nation's financial stability.

While Japan appealed for international help to avoid a meltdown in the reactors at its Fukushima nuclear power station.

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