Japan's GDP goes up for seven straight quarters

Japan's GDP goes up for seven straight quarters

In the third quarter Japan's economy managed to grow faster than anticipated because of sturdy exports. It has appeared to be the longest period of uninterrupted surge for more than a decade.

In July-September the Japanese economy extended at a 1.4% annualized rate, which is a bit above the median estimate for annualized surge of approximately 1.3%. That’s what Cabinet Office data reported on Wednesday.

It followed updated annualized surge of 2.6% in April-June.

Consumer spending shrank for the first time for seven quarters, although it’s believed to be just temporary due to the fact the Japanese economy is close to full employment that should drive domestic consumption in the nearer future. Ascending capital expenditure as well as exports are supposed to keep the Japanese economy rising, which should relieve some worries as for sluggish inflation.

Japan's potential surge rate accounts for 1%, so the outcomes for the third quarter demonstrate that the actual rate of surge is high enough.

 

Similar

American retail sales surge

In July, American retail sales jumped more than anticipated because households spurred purchases of cars and clothing, hinting that the American economy was still firm early in the third quarter…

Popular

Asian shares tumble with Japan markets shut

On Monday, stocks in Asia declined with markets in Japan unavailable for a holiday and traders watching oilfield-related stocks after a bankruptcy filing by Singapore's Ezra Holdings…

Greenback surges as yields soar

On Friday, the evergreen buck added against the Japanese yen and euro, drifting away from recent minimums, though revenues were capped as traders focused on a showdown between Donald Trump and members of his own party as for a fresh healthcare bill…

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