(MENAFN) Japan's economy is expected to post a second straight quarter of moderate growth in January-March, led by a pickup in exports and business investment, Gulf Times reported.
Annual expansion of 1.5 percent in gross domestic product (GDP) would match the rate of growth in the prior quarter, meaning a quarterly increase of 0.4 percent, unchanged from the prior quarter.
Private consumption, which accounts for approximately 60 percent of GDP, was expected to register a quarterly gain of 0.2 percent, slowing from a 0.5 percent rise in October-December.
"The economy shows no signs of accelerating due mainly to private consumption, which would rise only slowly," chief economist at Dai-ichi Life Research Institute said in a statement.
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