Analytical Reviews

Get the latest economic news from ForexMart, including updates on the financial market, central bank policy announcements, financial indicators, and other relevant news which can impact the industry.

Disclaimer:  Information provided here to retail and professional clients does not contain and should not be construed as containing investment advice or an investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance.

Japan's GDP in the first quarter grew stronger than forecast


May, 17 2023
watermark Economic news

According to preliminary data from the Japanese government, the country's economy grew by 0.4% in the first quarter of 2023 compared to the previous three months. Analysts predicted an increase in GDP by only 0.1%.


It is noted that the growth rate of the Japanese economy in the first quarter was the highest since April-June 2022.


One of the key factors contributing to GDP growth was the increased demand for the Japanese automotive industry. Japanese automakers continue to show excellent results in the international market due to the high quality of their cars and innovative technologies. 


The growth of domestic consumption also affected the GDP indicator. Against the background of an improvement in the employment situation and an increase in wages, the Japanese began to spend more money on goods and services. This contributed to increased activity in retail trade and services, which ultimately supported the country's GDP growth. In particular, consumer spending increased by 0.6%, also at the fastest pace in three quarters, including due to the lifting of restrictions on entry into the country. 


Business investment rose 0.9% after falling 0.7% in the fourth quarter, government spending remained unchanged for the third quarter in a row.


The volume of Japanese exports in the first quarter decreased by 4.2%, the volume of imports decreased by 2.3%.


By the end of 2022, the Japanese economy grew by 1.1% after growing by 2.1% in 2021.


コメントする

ForexMart is authorized and regulated in various jurisdictions.

(Reg No.23071, IBC 2015) with a registered office at Shamrock Lodge, Murray Road, Kingstown, Saint Vincent and the Grenadines

Restricted Regions: the United States of America, North Korea, Sudan, Syria and some other regions.


© 2015-2024 Tradomart SV Ltd.
Top Top
Risk Warning:
Foreign exchange is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result in a substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge the risks associated with forex trading. Seek independent financial advice if necessary. Please note that neither past performance nor forecasts are reliable indicators of future results.
Foreign exchange is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result in a substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge the risks associated with forex trading. Seek independent financial advice if necessary. Please note that neither past performance nor forecasts are reliable indicators of future results.