Newly released GDP figures show Japan's economy expanded for the first time in two quarters in the three months through June.
The Cabinet Office said on Thursday that preliminary data shows gross domestic product grew by an annualized 3.1 percent in real terms in the April-to-June period from the previous quarter.
Private consumption rose 1.0 percent, the first increase in five quarters. That was due to a recovery in car sales, among other things, after the ending of a suspension of production by some automakers over irregularities in government certification procedures.
Capital investment increased by 0.9 percent, and housing investment was up by 1.6 percent.
Exports grew by 1.4 percent.
The Cabinet Office said on Thursday that preliminary data shows gross domestic product grew by an annualized 3.1 percent in real terms in the April-to-June period from the previous quarter.
Private consumption rose 1.0 percent, the first increase in five quarters. That was due to a recovery in car sales, among other things, after the ending of a suspension of production by some automakers over irregularities in government certification procedures.
Capital investment increased by 0.9 percent, and housing investment was up by 1.6 percent.
Exports grew by 1.4 percent.
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Summary
Japan's economy experienced growth for the first time in six months, according to recent GDP figures. The expansion was at an annualized rate of 3.1% for the April-June period compared to the previous quarter. Driving this growth were increases in private consumption (1.0%), capital investment
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ID: 5c0faabe-d523-46c6-9e72-dc12531e8739
Category ID: nhk
URL: https://www3.nhk.or.jp/nhkworld/en/news/20240815_07/
Date: Aug. 15, 2024
Created: 2024/08/16 07:00
Updated: 2025/12/08 11:30
Last Read: 2024/08/16 13:29