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