Japan second-quarter GDP posts fastest growth since 2016 on stronger-than-expected capex
Updated : September 10, 2018 07:54 AM IST
Revised Cabinet office data showed the economy grew an annualized 3.0 percent in April-June, handily beating economists’ median estimate for 2.6 percent gain and posting the fastest growth since the start of 2016.
The economy’s improved performance should be a relief for policymakers worried about fallout from a trade war between the United States and China, which could derail global growth and in turn damage Japan’s export-reliant economy.
The updated second-quarter growth showed quarter-on-quarter expansion of 0.7 percent in real, price-adjusted terms, compared with an initial reading of a 0.5 percent growth and the median estimate for a 0.7 percent gain.
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