Japan's economy logs 1.4 percent annual growth in July-Sept | daily-sun.com

Japan's economy logs 1.4 percent annual growth in July-Sept

Sun Online Desk     15th November, 2017 09:42:39 printer

Japan's economy logs 1.4 percent annual growth in July-Sept

Japan's economy expanded at a 1.4 percent annualized rate in July-September in the seventh straight quarter of growth for the world's third-largest economy.

 

The economy is in its longest period of expansion since 2001. But growth slowed from a 2.6 percent annualized rate of growth in April-June, the Cabinet Office reported Wednesday.

 

Strong exports and corporate investment helped offset relatively weak household demand, which accounts for nearly two-thirds of business activity but remains fragile thanks to sluggish growth in wages.

 

Private consumption fell 0.5 percent in July-September, the first such decline in seven quarters, the report said.

 

In quarterly terms the economy grew 0.3 percent, slowing from a 0.6 percent quarter-on-quarter increase in April-June.

 

Source: AP/UNB

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