Japan’s Q1 Growth Exceeds Estimates

Japan’s economy grew faster than expected in the first quarter, expanding an annualized 2.4 percent from the previous quarter.

That compares with a forecast of 1.5 percent on-quarter annualized from a Reuters poll of 22 analysts. In the October-December quarter, the economy expanded 1.5 percent on-quarter after contracting in both the second and third quarters of 2014.

Helping to drive the advance, private consumption, long a sticking point in the country’s attempts at an economic recovery, grew 0.4 percent from the previous quarter, compared with 0.2 percent forecast in a Reuters poll.

CNBC

Content is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please access the RSS feed or contact us at info@marketpulse.com. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2023 OANDA Business Information & Services Inc.