Japan GDP Expands 0.9% in Q1


Japan's economy grew at stronger-than-expected 0.9 percent in the first quarter of 2013 from the previous three months driven by private consumption and exports.

In Q1 of 2013, domestic demand contributed 0.5 percentage point to the expansion, while external demand 0.4 percent point.

Private consumption rose 0.9 percent, the fastest pace since Q3 of 2011 and  housing investment grew by 1.9 percent.

Government consumption and public investment increased 0.6 percent and 0.8 percent respectively.

While exports of goods and services grew 3.8 percent, imports expanded 1 percent.

The growth rate for Q4 of 2012 was revised up to 0.3 percent from 0 percent reported previously.

 


Anna Fedec, anna@tradingeconomics.com
5/16/2013 1:30:13 AM