Japan released strong economic growth data on Tuesday, the latest in a series of figure suggesting that the country’s economy is finally beginning to pick up.
Gross domestic product expanded at an annualised rate of 4 percent in the second quarter, a 1 percent improvement on the previous three months. The figure represents its fastest pace for more than two years, and beat analysts expectations of a 2.5 percent rise.
Recent economic figures have showed that the Japanese economy is beginning to pick up, after several years of slow growth and high inflation. The government implemented a series of economic measures, including increased spending and investment, to get the country back on track.
The figure represents Japan’s sixth straight quarter of growth, and equates to a storming annualised figure of 4 percent. Robust domestic demand and capital spending offset a decline in exports, with private consumption grew at 0.9 percent.