Economics
Domestic Consumption Fuels Surge in Japan's Economic Growth
- GDP expansion in the second quarter exceeded all forecasts
- Private consumption and business spending both improved
Nicholas Smith, Japan strategist at CLSA, discusses Japan's second-quarter GDP figures and what they mean for the economy. He speaks on 'Bloomberg Daybreak: Asia.' (Source: Bloomberg)
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Japan’s economy grew for a sixth straight quarter, extending the longest expansion in more than a decade, as a strong pick-up in demand at home compensated for softer exports.