Japan’s GDP rises for 5th straight quarter

Japanese governmental officials say the economy has expanded for the 5th straight quarter.

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They announced on Thursday that the preliminary real Gross Domestic Product figures for January to March were up by 0.5 percent from the previous quarter.

That works out to annualized growth of 2.2 percent for the world’s third-largest economy.

Exports were the biggest driver of growth. They were up 2.1 percent. Smartphone components to China, in particular, are on the rise.

Consumer spending was stronger than the previous quarter due to better labor conditions and wages.
It rose 0.4 percent.

And corporate investment grew 0.2 percent.

Source and image: NHK
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