Japanese economy with 3.5% increase

The economy raising of Japan in the last three months of 2007 had been 3.5%, announced today Japanese government ot ministry. That is a little bit lower that the expectings from the government, published a month ago, but second economy in the world had developed much faster, that the experts predcited. After the reporting of the data, the JEN got more expensive, because of the specualtions for decresing of the interest level later this year from the Japanese Central Bank were declined. One of the chiefs of BoJ, announced that it was normally the Central Bank of one country to increase the interest levels in the country, in paralel with increasing of the economy.
In Tokyo immidiately after the publishing of the report, JEB reached 103.01 JEP per USD. The currency specialists think, that JEP may increase its speed and to pass the level of 102.70, because some traders put there automatical orders for buying.
Together with this, the index of Japanese shares Nikkei 225 Stock Average had increased with 1.6% because of the expectings, that the decision of Federal Reserve of USA to invest 200 billions USD in the financial system, will help for export in the largest market of Japanese goods.