JAPAN’S 1Q12 GDP (Q/Q) UP 1% & 4.1% ON AN ANNUALIZED BASIS

Japan’s GDP expanded 4.1 percent on an annualized basis on stronger domestic demand and also with higher government spending. The expansion of GDP exceeded analysts expectations of a rise of 3.5 percent.

On a non-annualized basis, Japan’s GDP rose 1.0 percent over 4Q11. Exports rose 2.9 percent vs a decline of 3.7 percent on a q-o-q basis. Private consumption rose 1.1 percent for the first quarter on higher demand for auto vehicles, which is due to government subsidies awarded to buyers of fuel-efficient cars. (WSJ)



Categories: General News

Tags: , , , , , ,

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: