Japan GDP Jumps 1.0% In Q2

Judith Bessette
Agosto 14, 2017

Japanese economic growth soared in the three months to June, logging the fastest increase in more than two years.

Japan's economy grew at an annualized rate of 4.0 percent in the April-June period, marking the longest growth run since 2006, powered by domestic demand, with private consumption and corporate spending showing signs of vigor, the government said Monday.

On a yearly basis, GDP surged 4.0 percent - again topping expectations for 2.5 percent and up from the upwardly revised 1.5 percent jump in the first quarter (originally 1.0 percent).

Public demand, also an element of domestic demand, increased 1.3%.

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Nominal GDP jumped 1.1% on quarter, beating forecasts for an increase of 0.7% following the 0.3% decline in the previous three months.

As for foreign demand, exports of goods and services decreased 0.5% while imports increased 1.4%.

This figure came in ahead of median analysts' expectations of a 0.6-percent increase.

Despite the impressive report, Japanese markets are largely unchanged following the release of the report, reflecting that the outlook for inflation, rather than where growth has been, remains the key driver for monetary policy settings from the Bank of Japan.

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