Japan's GDP Grows at Annualized 1.0% in April-June

TOKYO, Aug 15 (News On Japan) - Japan’s gross domestic product for the April to June period rose at an annualized rate of 1.0%, marking the fifth consecutive quarter of growth.

According to Cabinet Office data released earlier today, real GDP increased by 0.3% from the previous quarter, translating into a 1.0% gain on an annualized basis.

Exports grew by a solid 2.0% in real terms from the prior quarter, providing key support for the positive GDP figure. In the automotive sector, Japanese carmakers absorbed the additional costs from U.S. tariffs imposed under the Trump administration by lowering prices, enabling them to maintain export volumes and contribute to the growth.

Personal consumption, which accounts for around 60% of GDP, also recorded its fifth straight quarter of expansion. While spending on dining out declined, demand for clothing and rice increased, helping to sustain growth in household consumption.

Source: TBS

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