Japan's economy surges at the fastest pace in a year in January-March

Japan's economy surges at the fastest pace in a year in January-March

Japan's economy tacked on at the fastest pace in a year during the first quarter just to mark the longest period of expansion for a decade. It definitely heightened prospects that sturdy overseas demand will back a steady revival.

The data provides some relief to the BOJ policymakers. They’re actually hoping that the Japanese economy has already gained enough momentum just to drive up wage surge along with inflation that remains quite low on soft household spending.

The Japanese economy, the world's number three, added an annualized 2.2% in January-March, as Cabinet Office data disclosed on Thursday. It exceeded a median market prediction for a 1.7%ascend to post the fastest surge rate since January-March 2016.

It appears to be the fifth straight quarter of expansion, and also the longest surge run since a six-quarter streak through 2006.

As for consumer spending, it remains relatively soft, while it boasts a room to drastically improve.

Similar

American consumer inflation goes up

In October, American consumer prices managed to jump by the most for 9 months against the backdrop of profits in the cost of gasoline as well as rents, thus indicating steadily soaring inflation, which will probably keep the key US bank on track to have…

Latest news

Greenback edges down

On Tuesday, the evergreen buck dived because the common currency bounced off and the UK pound managed to ascend to the day’s maximums reacting to reports that British Prime Minister Theresa May is going to take control of Brexit talks…

Deposit with your local payment systems

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera