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Get to Know Africa > Private: Blog > World News > Japan’s GDP revised sharply greater, grew 2.7% within the first quarter on strong spending
World News

Japan’s GDP revised sharply greater, grew 2.7% within the first quarter on strong spending

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Last updated: 2023/06/08 at 12:12 AM
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Japan's GDP revised sharply higher, grew 2.7% in the first quarter on robust spending
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TOKYO, JAPAN – SEPTEMBER 19: A common view of the Tokyo Tower and metropolis on September 19, 2019.

Clive Rose – World Rugby | World Rugby | Getty Photographs

Japan’s economic system grew an annualized 2.7% within the first quarter of the yr, increasing additional than earlier estimates of 1.6% made final month, authorities information confirmed, because the economic system continues to see strong spending.

Economists surveyed by Reuters had anticipated to see development of 1.9%. The Japanese yen strengthened by 0.14% to 139.98 towards the U.S. greenback shortly after the discharge. Quarter-on-quarter, the economic system expanded by 0.7%, beating estimates by Reuters of 0.5%.

It is a breaking information story. Please verify again later for updates.

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