Japan GDP rebounds

Japan's GDP advanced 0.9% in 2Q, according to preliminary data, snapping a four-quarter losing streak as exports and government spending offset weak business and domestic outlays.

Japan's rise comes amid and improvement in manufacturing and follows an unexpected rise in GDP from Germany and France, the largest economies in the eurozone.

Growth in both Germany and Japan had fallen sharply at the end of 2008 and the start of 2009 because of the countries heavy dependence on exports, but the global economy has begun to stabilize, and we will probably see an upturn in the US during the current quarter.