×
Newsmax TV & Webwww.newsmax.comFREE - In Google Play
VIEW
×
Newsmax TV & Webwww.newsmax.comFREE - On the App Store
VIEW
Tags: AS | Japan | Economy

Japan Revised Data Show GDP Grew 0.7 Pct in April-June

Wednesday, 07 September 2016 10:23 PM

TOKYO (AP) — Japan's economy expanded at a better-than-estimated 0.7 percent annualized pace in April-June, according to revised data showing private demand was stronger than earlier reported.

An earlier estimate released last month put annualized growth in the April-June quarter at 0.2 percent. The economy grew at a 2.1 percent annualized pace in January-March.

The latest data showed business investment fell by a smaller margin than reported in August, while consumer spending was higher. But both remain much slower than hoped for given the government's targets for growth.

Prime Minister Shinzo Abe has proposed an extra set of stimulus measures to help prop up the economic recovery and spur more consumer and corporate spending, which are seen as crucial for sustaining growth.

The Bank of Japan is also reviewing its own lavish monetary stimulus policies and is expected to step up its efforts to combat deflation, possibly later this month.

Japan's benchmark Nikkei 225 index fell 0.3 percent early Thursday, as continued strength in the yen against the U.S. dollar weighed on shares of export manufacturers.

© Copyright 2021 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


Asia
Japan's economy expanded at a better-than-estimated 0.7 percent annualized pace in April-June, according to revised data showing private demand was stronger than earlier reported.An earlier estimate released last month put annualized growth in the April-June quarter at 0.2...
AS,Japan,Economy
175
2016-23-07
Wednesday, 07 September 2016 10:23 PM
Newsmax Media, Inc.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
 
TOP

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
© Newsmax Media, Inc.
All Rights Reserved
NEWSMAX.COM
© Newsmax Media, Inc.
All Rights Reserved