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Japan's GDP grows for seven straight quarters

Rising capital expenditure and exports are also expected to keep the economy growing

Stanley White & Leika Kihara | Reuters  |  Tokyo 

Japan’s economy grew faster than expected in the third quarter due to strong exports, posting the longest period of uninterrupted growth in more than a decade. The economy expanded at a 1.4 per cent annualised rate in July-September, slightly above the median estimate for annualised growth of 1.3 percent, Cabinet Office data showed on Wednesday. That followed revised annualised growth of 2.6 percent in April-June. Consumer spending fell for the first time in seven quarters but this is expected to be temporary because the economy is near full employment, which ...

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First Published: Thu, November 16 2017. 02:29 IST
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