(MENAFN- Saudi Press Agency)
Tokyo, Sha'ban 11, 1437, May 18, 2016, SPA -- The Japanese economy expanded at an annualized rate of
1.7 per cent in the January to March period due to a recovery in
consumer spending, the government said Wednesday, according to dpa.
Private consumption, which makes up 60 per cent of output, rose 0.5 per cent quarter on quarter, while corporate investment fell 1.4 per cent, the Cabinet Office said in a preliminary report.
The economy shrank 1.7 per cent in the October to December quarter, revised down from 1.1-per-cent contraction estimated in March.
--SPA
03:33 LOCAL TIME 00:33 GMT
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.