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

Australia's economy is seen ascending at moderate pace

Australia's economy is supposed to grow at a moderate pace because poor wage surge is putting pressure on consumption, thus keeping the necessity for simulative monetary as well as fiscal policies, as the International Monetary Fund informed on Monday…

Popular

Japan real wages surge is slowest in almost two years

Japan's March real wages went down at the fastest pace in nearly two years, weighed by minor nominal pay lifts as well as a moderate ascend in consumer prices, thus posing a setback for Prime Minister Shinzo Abe's tries to revitalize the Japanese…

promotions you can be interested in

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