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Japan GDP Jumps 1.5% In Q2
(RTTNews) - Japan's gross domestic product expanded a seasonally adjusted 1.5 percent on quarter in the second quarter of 2023, the Cabinet Office said in Tuesday's preliminary report.
That blew away expectations for an increase of 0.8 percent following the upwardly revised 0.9 percent gain in the previous three months (originally 0.7 percent).
On an annualized basis, GDP was up 6.0 percent - again beating forecasts for a gain of 3.1 percent following the upwardly revised 3.7 percent increase in the first quarter (originally 2.7 percent).
Capital expenditure was flat on quarter, missing forecasts for an increase of 0.4 percent after climbing 1.8 percent in the previous quarter.
External demand was up 1.8 percent on quarter and private consumption eased 0.5 percent.
Japan Core Machinery Orders Sink 0.6% In May
Japan Producer Prices Slip 0.2% In June
Japan M2 Money Stock Jumps 0.9% On Year In June
Japan June Bank Lending Climbs 2.8% On Year
Japan Household Spending Climbs 4.7% On Year In May
Japan Manufacturing Sector Climbs To Expansion - Jibun
BoJ Tankan: Q1 Large Manufacturers Index +13; Outlook +12
