Private consumption accounts for about 60% of Japan's economy
Japan's
economy grew faster than expected between January and March, boosting
hopes that the economy is recovering from last year's recession.
The economy expanded 0.6% in the period compared to the previous quarter, marking its second consecutive quarter of growth.
The result was far better than the 0.4% analysts had expected.
On an annualised basis, the economy grew 2.4% in the period against forecasts of 1.5%.
Analysts said the first quarter growth rate was "very positive".
"The recovery seems to be well on track," Tony Nash, chief economist at Complete Intelligence, told the BBC.
"This
must bring a smile to Prime Minister Abe's face and is a vindication
that his economic policies are moving things in the right direction."
The country came out of recession in the fourth quarter of last year.
#JapaneseEconomy
Monday, May 18, 2015
We have two 100-Point (Robert Parker) wines on sale today:
34 bottles Peter Michael Ma Danseuse Pinot Noir 2012 24 bottles Schrader CCS Cabernet 2012
It is Vinexpo time again! Lee Jorgensen will be in Bordeaux in June and will be using the booth of Lestapis (Hall 1 - Stand B-141) for meetings. Her cell phone +1 415 987 6723 will be working in France.
