Japanese economic growth surges on strong exports and tourism

[REhorror]

Japanese economic growth surges on strong exports and tourism

Japan’s economic growth jumped at an annual pace of 6% in the April-June period, marking the third straight quarter of growth as exports and inbound tourism recovered.

apnews.com

TOKYO (AP) — Japan’s economic growth jumped at an annual pace of 6% in the April-June period, marking the third straight quarter of growth as exports and inbound tourism recovered.

Real gross domestic product, which measures the sum value of a nation’s products and services, grew 1.5% in the fiscal first quarter for the world’s third largest economy, the Cabinet Office said Tuesday.

The annualized pace shows what the growth would have been if what was marked during the quarter had continued for a year. The rate outpaced what analysts had forecast at 3.1% growth.

The latest quarter showed the strongest growth since October-December 2020, when Japan’s GDP grew 1.9% on-quarter, and 7.9% annualized rate.

It seems that with China's now-allowed tourist group in Japan, Japan's economy will further recover.

Asian economy is recovering and growing faster than the West, boy!

 

[Menthol]

Let's go to Japan and have some food!!!

 

[KAL-EL]

Good for Japan!