|
|
|
|
Search: 
Latin American Herald Tribune
Venezuela Overview
Venezuelan Embassies & Consulates Around The World
Sites/Blogs about Venezuela
Venezuelan Newspapers
Facts about Venezuela
Venezuela Tourism
Embassies in Caracas

Colombia Overview
Colombian Embassies & Consulates Around the World
Government Links
Embassies in Bogota
Media
Sites/Blogs about Colombia
Educational Institutions

Stocks

Commodities
Crude Oil
US Gasoline Prices
Natural Gas
Gold
Silver
Copper

Euro
UK Pound
Australia Dollar
Canada Dollar
Brazil Real
Mexico Peso
India Rupee

Antigua & Barbuda
Aruba
Barbados
Cayman Islands
Cuba
Curacao
Dominica

Grenada
Haiti
Jamaica
Saint Kitts and Nevis
Saint Lucia
Saint Vincent and the Grenadines

Belize
Costa Rica
El Salvador
Honduras
Nicaragua
Panama

Bahamas
Bermuda
Mexico

Argentina
Brazil
Chile
Guyana
Paraguay
Peru
Uruguay

What's New at LAHT?
Follow Us On Facebook
Follow Us On Twitter
Most Viewed on the Web
Popular on Twitter
Receive Our Daily Headlines


  HOME | Business & Economy (Click here for more)

Japan’s GDP Grows at Annual Rate of 2.2% in Q1

TOKYO – Japan’s gross domestic product (GDP) grew at an annual rate of 2.2 percent in the first quarter of 2017, thanks mainly to increased exports, domestic consumption and real estate investment, the government announced on Thursday.

Between January and March, the world’s third largest economy expanded by 0.5 percent over the previous quarter, according to data released by the Japanese Cabinet Office.

During the last quarter of 2016, Japan’s GDP was up 0.3 percent over the third quarter of the same year and 1.2 percent in annualized terms.

The GDP growth marks the fifth consecutive quarter of increase, the longest stretch in a decade and surpasses analysts’ expectations.

The growth in exports, which is one of the main components measuring the country’s GDP, boosted the Japanese economy during the first quarter of the year.

Export growth amounted to an annual rate of 8.9 percent, and 2.1 percent compared to the last quarter of the previous year.

Another component that contributed was the expansion of domestic consumption, which makes up almost 60 percent of the Japanese economy. The domestic consumption in Japan was up by 0.4 percent quarter-on-quarter after having remained flat in the previous quarter, and up 1.4 percent at an annual pace.

However, there is concern that spending may falter again, as wage increases are inconsistent, which is contrary to what the government wants in order to support households and allow a rise in prices.

Domestic demand also increased by 1.6 percent in annual terms and 0.4 percent quarter-on-quarter during the first quarter of 2017, after falling and remaining flat in the previous two quarters.

On the other hand, real estate investment grew at an annual rate of 3 percent and 0.7 percent quarter on quarter.

Corporate capital investment, another key component of the current economic strategy led by the government of Prime Minister Shinzo Abe to boost recovery, rose by 0.2 percent quarter on quarter after yielding a 1.9-percent rise between October and December 2016.

Corporate investment has been slowing down due to uncertainty in the global economy and yen appreciation, which shrinks remittances of major Japanese exporters.

The evolution of public investment, which is also among the pillars of growth in “Abenomics” – the economic reform policy advocated by Abe –, fell by 0.3 percent in annualized term and by 0.1 percent over the previous quarter.

 

Enter your email address to subscribe to free headlines (and great cartoons so every email has a happy ending!) from the Latin American Herald Tribune:

 

Copyright Latin American Herald Tribune - 2005-2015 © All rights reserved