Monday, 14 August 2017

Japan's economy grows at fastest pace for more than two years in second quarter

Japan's economy grew at its fastest pace for more than two years in the second quarter as consumer spending and capital expenditure ramped up.

Gross domestic product expanded at an annualised rate of 4% in the April-to-June period, government data showed, beating expectations for a 2.5% rise.

The economy grew 1% compared to the previous quarter.

Japan is enjoying its longest economic expansion in a decade, buoyed by spending and investment.

The world's third-largest economy has been gaining strength thanks to rising exports, including smart phones and memory chips.
Investment tied to the Tokyo 2020 Olympics has also given Japan's economy a boost in recent months.

BBC     News.