Japan Extends Economic Growth Streak
- 6 years ago
Japan Extends Economic Growth Streak
The Japanese economy grew for a seventh consecutive quarter — the longest streak
in nearly two decades — according to government data released Wednesday.
Japanese businesses have benefited from rising global demand
because of an improving global economic outlook, as well as from sustained financial stimulus measures from the government and the central bank.
After unusually exuberant spending by Japanese consumers in the April to June period,
foreign trade took over as the main engine of growth from July through September.
The Japanese economy grew for a seventh consecutive quarter — the longest streak
in nearly two decades — according to government data released Wednesday.
Japanese businesses have benefited from rising global demand
because of an improving global economic outlook, as well as from sustained financial stimulus measures from the government and the central bank.
After unusually exuberant spending by Japanese consumers in the April to June period,
foreign trade took over as the main engine of growth from July through September.