JAPAN’S ECONOMY EXPANDS 2.2% IN Q1

Tokyo - Japan's economy grew an annualized real 2.2% in the January-March period for a fifth straight quarter of expansion, buoyed by robust exports and a pickup in private consumption, government data showed Thursday.

The growth in inflation-adjusted gross domestic product corresponds to a 0.5% increase from the previous quarter. GDP is the total value of goods and services produced at home.

With a 2.1% quarter-on-quarter jump in overall exports, strong shipments to Asia continued to give a boost to the world's third largest economy, whose dependence on overseas demand is high. Private consumption, accounting for roughly 60% of the country's GDP, rose 0.4%, (Kyodo) news agency reported.

Source: Qatar News Agency