Japan’s government reports that the economy expands at a 2.1% annualized rate in the January–March quarter, with the result described as resilient despite pressures from higher energy prices. Multiple outlets cite the Cabinet Office’s preliminary data and present the figure as an annualized measure of the quarterly growth. They also report that real gross domestic product rises 0.5% quarter-on-quarter on a seasonally adjusted basis, marking the second consecutive quarter of growth. The sources agree that consumer activity supports the expansion: private consumption increases 0.3% quarter-on-quarter, which corresponds to an annualized growth rate of 1.1% in the preliminary figures. Public demand is also reported to rise 0.3% from the previous quarter, with higher government spending contributing as well. Business Standard adds that the economy had contracted in the July–September period last year and then recorded moderate growth of 0.2% quarter-on-quarter in the October–December quarter. Some reporting links the energy-cost pressure to the war in Iran, which is referenced as a factor in the broader economic context.
Japan’s economy grows at 2.1% annualized pace in January–March quarter
Japan’s government reports that the economy expands at a 2.1% annualized rate in the January–March quarter, with the result described as resilient despite pressures from higher energy prices. Multiple...
- Japan reports January–March GDP growth of 2.1% annualized, based on preliminary government data.
- Real GDP increases 0.5% quarter-on-quarter on a seasonally adjusted basis.
- It is the second consecutive quarter of growth.
- Private consumption rises 0.3% quarter-on-quarter, with public demand also up 0.3%.
- Energy-price pressures, linked in some reports to the war in Iran, are cited as a backdrop to the growth.
The Japanese economy grew at an annualized rate of 2.1% in the January-March quarter, the government said Tuesday, showing its resilience despite rising energy prices because of the war in Iran. Japan’s real gross domestic product, or GDP, the sum value of a nation’s goods and services, grew at a seasonally adjusted 0.5% from the previous […]...Keep on reading: Japan’s economy expands at a 2.1% annual pace
3 months agoThe Japanese economy grew at an annualised rate of 2.1% in the January-March quarter, the government said Tuesday, showing its resilience despite rising energy prices because of the war in Iran. Japan's real gross domestic product, or GDP, the sum value of a nation's goods and services, grew at a seasonally adjusted 0.5% from the previous quarter. It was the second straight quarter of growth. The annualised number shows what the growth, or contraction, would have been if the quarterly rate continued for a year. Increased spending by consumers and businesses helped contribute to the stronger than expected results. Higher government spending also supported the expansion. Private consumption rose 0.3% quarter-on-quarter, or at an annualised rate of 1.1%, according to the preliminary data from the Cabinet Office. Public demand rose 0.3% from the previous quarter. Japan's economy contracted in July-September last year, then eked out moderate growth in October-December of 0.2% on-quarter
3 months agoJapan has reported its economy expanded at an annualized rate of 2.1% in the January-March quarter
3 months ago
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