Japan April-June GDP Growth Seen at Annualized 2.1 Pct
Tokyo, Aug. 10 (Jiji Press)--Japan's seasonally adjusted gross domestic product in April-June is projected to have grown a real 2.1 pct from the previous quarter on an annualized basis. The figure represents the average forecast among 10 private-sector think tanks. The Japanese economy is estimated to have expanded for the third consecutive quarter, supported by solid private consumption...
Tokyo, Aug. 10 (Jiji Press)--According to a projection based on the average forecast from 10 private-sector think tanks, Japan's seasonally adjusted gross domestic product in April-June is expected to have grown by a real 2.1% on an annualized basis. This indicates the Japanese economy expanding for the third consecutive quarter, driven by robust private consumption driven by higher real wages and a decrease in food price surges.
The Cabinet Office will release preliminary GDP data for the first quarter of fiscal 2026 on Aug. 17. Private consumption, which makes up a significant portion of domestic demand, is anticipated to have risen by 0.5% from the previous quarter due to increased car purchases resulting from the removal of the environment performance tax and a final boost in air conditioner purchases before stricter energy-saving standards are implemented next April.
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