The country’s gross domestic product grew by 1.0 percent in the April-June period, marking the sixth straight winning quarter in the longest string of gains since 2006. But the latest GDP figures―which translate into a whopping 4.0 percent annualized growth rate―were driven by robust domestic demand and capital spending, which offset a quarterly decline in exports. Japan’s economy grew 1.0 percent in the April-June period, notching up its sixth straight quarter of growth and its longest economic expansion in over a decade, government data showed on August 14. The second quarter growth blew past market expectations for a 0.6 percent rise, according to figures from the Cabinet Office. The latest reading nonetheless means Japan’s economy has had its best string of gains since the tenure of popular former prime minister Junichiro Koizumi.

Source: The Standard August 14, 2017 11:37 UTC