Japan's Q1 GDP up by 0.7% - Breaking The News

Japan's Q1 GDP up by 0.7%

7 June

1 min read

MANUEL VELASQUEZ / UNSPLASH

The Japanese economy expanded by 0.7% in the first quarter on a quarterly basis, according to the second report by the Cabinet Office on Thursday. The previous estimate saw the country's gross domestic product (GDP) increasing by 0.4% in the same period.

On an annual basis, the nation's GDP rose by 2.7%. Domestic demand slightly improved from the first preliminary report to land at 1%, with private demand boosting the score to 1.2%.

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