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.



FOMC Statement

The Federal Reserve is expected to raise interest rates at least three times this year.



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…

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