Economic Buzz: Japans Economy Expands 3.5% On Year In Q2

8 Sep 2022 , 10:08 AM

Japans gross domestic product expanded an annualized 3.5 percent on year in the second quarter of 2022, the Cabinet Office said on Thursday, up from 0.1 percent in the previous three months. On a seasonally adjusted quarterly basis, GDP climbed 0.9 percent following the flat reading in the three months prior. Capital expenditure was up 2.0 percent on quarter, beating forecasts for an increase of 1.8 percent after contracting 0.7 percent in Q1. External demand rose 0.1 percent on quarter versus expectations for a flat reading after falling 0.5 percent in the previous quarter.Powered by Commodity Insights