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Japan's economy expands at fastest pace in a year in Jan-March

Reuters  |  TOKYO 

By Leika Kihara and Minami FunakoshiTOKYO (Reuters) - Japan's economy grew in the first quarter at its fastest pace in a year to mark the longest period of expansion in a decade, thanks to robust exports and a helpful boost from private consumption.Positive data issued on Thursday should offer some relief to Bank of Japan policymakers, who hope the economy is now gathering enough momentum to drive up inflation that remains stubbornly below their 2 percent target.Driven by robust exports and firming domestic consumption, Japan's economy expanded an annualised 2.2 percent in January-March, ...

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First Published: Thu, May 18 2017. 09:50 IST