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Business

AFP
November 16, 2017

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Japan’s economy continues to grow

Japan’s economy continues to grow

Tokyo: Japan notched up its seventh straight quarter of economic growth, official data showed on Wednesday, although the rate of expansion in the world´s third-biggest economy is slowing.  Japanese gross domestic product (GDP) grew by 0.3 percent in the third quarter of the year, marking the longest string of gains for more than 16 years.

However, the figure represented a slowdown from the second quarter, when the economy grew by 0.6 percent, as a recovery in private consumption appeared to lose steam. The economy grew by an annualised 1.4 percent, driven mainly by robust exports, the Cabinet Office in Tokyo announced.

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