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Japan: GDP growth of 0.5% in the 2nd quarter


(CercleFinance.com) – Japan’s GDP grew by 0.5% in the second quarter of 2022, sequentially and seasonally adjusted data, according to the Japanese government’s first estimate, after stagnating in the first three months of the year.

This recovery is mainly due to a 0.5% increase in domestic demand, while on the foreign trade side, exports of goods and services (+0.9%) increased slightly more than imports (+0 .7%).

Within domestic demand, household consumption rose by 1.2% and private non-residential investment by 1.4%, while public demand increased by 0.6% and the private residential investment contracted by 1.9%.

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