Japan’s economy grows 1.8pc in April-June

Friday, 9 August 2019

Japanese government data is showing Japan’s economy grew at a better-than-expected 1.8 per cent seasonally adjusted annualised rate during the April-June quarter on healthy consumer spending and capital investment.

The Cabinet Office reported Friday Japan’s gross domestic product or GDP — the total value of a nation’s goods and services — was lifted by solid spending in the private sector as well as government investment, although exports faltered.

Worries have lingered in the region over the ongoing trade dispute between the US and China, which threatens global and regional growth, the Associated Press reported.

President Donald Trump has threatened to impose 10 per cent tariffs on all Chinese imports to the US not already hit with tariffs of 25 per cent. China retaliated by weakening the yuan but later stabilised the yuan.