Japan Jan GDP Grows 1.9% on Brisk Exports, Consumption: Jcer
Japan Jan GDP Grows 1.9% on Brisk Exports, Consumption: Jcer
Wednesday March 6, 9:40 AM
sg.news.yahoo.com
TOKYO, March 6 Asia Pulse - Japan's gross domestic product grew 1.9 per cent from the preceding month in January, on a price-fluctuation adjusted basis, the Japan Center for Economic Research said in its preliminary report compiled on Tuesday.
The first positive month-on-month GDP growth in three months is attributed to an increase in consumer spending and exports.
Among the items covered in the projection, exports enjoyed a substantial 6.1 per cent growth due to progress in inventory adjustments at information technology-related concerns.
On a volume basis, exports to other Asian nations jumped 16.1 per cent. Exports to the U.S. rose 5.1 per cent, thanks mainly to brisk auto exports.
Consumer spending rose 2.9 per cent, and together with a 0.6 per cent rise in housing investment, private sector spending increased GDP by 1.3 points.
TOKYO, March 6 Asia Pulse - Japan's gross domestic product grew 1.9 per cent from the preceding month in January, on a price-fluctuation adjusted basis, the Japan Center for Economic Research said in its preliminary report compiled on Tuesday.
The first positive month-on-month GDP growth in three months is attributed to an increase in consumer spending and exports.
Among the items covered in the projection, exports enjoyed a substantial 6.1 per cent growth due to progress in inventory adjustments at information technology-related concerns.
On a volume basis, exports to other Asian nations jumped 16.1 per cent. Exports to the U.S. rose 5.1 per cent, thanks mainly to brisk auto exports.
Consumer spending rose 2.9 per cent, and together with a 0.6 per cent rise in housing investment, private sector spending increased GDP by 1.3 points. |
