banner langganan top
  • LQ45939,71   9,67   1.04%
  • EMAS1.130.000 1,35%
  • RD.SAHAM 0.05%
  • RD.CAMPURAN 0.03%

Japan's Q2 GDP Grows Much Faster than Expected, Helped by Exports

Selasa, 15 Agustus 2023 / 07:47 WIB
Japan's Q2 GDP Grows Much Faster than Expected, Helped by Exports
ILUSTRASI. This picture shows an international container yard at the Tokyo port

Sumber: Reuters | Editor: Yudho Winarto

KONTAN.CO.ID - TOKYO. Japan's economy expanded for a third straight quarter in April-June, as brisk exports helped offset the drag from a slowing post-COVID recovery in the services sector, although global recession prospects cloud the outlook.

The 6.0% annualised growth in Japan's gross domestic product (GDP) figure translated into a quarterly gain of 1.5%, much bigger than median estimates of 0.8% in a Reuters poll.

It followed a revised 3.7% expansion in the first quarter.

The solid GDP data provides relief to policymakers who are seeking to balance economic growth with sustainable inflation and steady wage increases.

By key sub-sectors, private consumption, which makes up more than half of the economy, fell 0.5% quarter-on-quarter in the April-June period.

Baca Juga: Country Garden Shares Dive After Bond Trading Halted, Fans Further Economic Distress

Exports expanded 3.2% in the second quarter, while capital expenditure was flat.

External demand, or net exports, added 1.8 percentage points to second quarter growth, while domestic demand shaved off 0.3% points.

The Bank of Japan took steps last month to allow long-term interest rates to rise more, a move seen by analysts as the beginning of a gradual shift away from massive monetary stimulus.

Cek Berita dan Artikel yang lain di Google News

Kontan Academy
Negotiation For Everyone Supply Chain Management on Sales and Operations Planning (S&OP)