The Japanese economy recorded a growth in gross domestic product by about 0.3% in the second quarter of this year, according to data released by the Japanese Cabinet Office this morning, compared to a contraction in the first quarter of the year by -1.3% before it was revised to 1% to come better than expectations. Which indicated that it recorded a growth of 0.1%, and on an annual basis, the Japanese economy expanded by about 1.3% compared to the second quarter of last year.
\The recovery of consumers and investment from companies supported the GDP growth in the second quarter, as private consumption rose by 0.8%, while investment in business rose by about 1.7%.
Japan has been suffering from the rapid outbreak and spread of the Corona virus with its new strain, Delta, since July, as daily cases of infection with the virus rose to three times the previous cases, after it recorded about 18,000 new cases yesterday, Sunday, at a record level for the third consecutive day.
The Japanese yen is rising against the US dollar in the opening session of the week and is trading at 109.36 levels, up more than 40 points.
06/11/2024
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