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Japan Maintains Strong GDP Growth in Q1

News, 19 May 2004

Japan's long-suffering economy looks to be on the path to recovery after a strong first quarter.

When adjusted for price changes and seasonal factors, GDP surged 5.6% in the three months to March on an annualised basis, according to government figures. This continues the rapid growth of the fourth quarter, when GDP surged 6.4%.

Compared with Q4, GDP rose 1.4%. Private consumption increased 1%, exports jumped 3.9%, while private capital expenditure climbed 2.4%.

Data sourced from: Wall Street Journal Online; additional content by WARC staff