Third consecutive quarter of growth for Japanese economy

Japan’s latest GDP figures reveal that its economy grew for the third consecutive quarter in April-to June.

Monday’s Cabinet Office report stated that the economy grew at an annualized rate real 2.2 percent over the previous quarter.

The main reason for the growth is a recovery in consumer spending, which accounts more than half of Japan’s gross domestic product.

After the March COVID-19 quasi emergencies were lifted in all 50 states, consumer spending in service industries like restaurants and travel increased.

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Aug 15 (ANNnewsCH) – 内閣府が発表した4月から6月のGDP=国内総生産の実質成長率は3期連続のプラス成長となりました。  …continue reading

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