News On Japan

Japan GDP Grows for Third Straight Quarter

TOKYO - Japan's economy expanded for a third consecutive quarter in the April-June period, with real gross domestic product rising 0.3% from the previous three months, equivalent to an annualized increase of 1.1%, according to preliminary data released by the Cabinet Office.

The figures are adjusted for changes in prices and provide an indication of the underlying pace of economic activity.

A decline in imports, including crude oil, contributed to pushing GDP higher during the quarter.

Domestic demand, however, showed signs of weakness. Personal consumption, which accounts for more than half of Japan's GDP, fell 0.02% from the previous quarter.

Capital investment also declined, dropping 1.2% during the April-June period.

Source: テレ東BIZ

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