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Japan proves – lasting economic growth is possible

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Japan proves – lasting economic growth is possible
August 14
09:00 2017

The data published by the Cabinet of Ministers of Japan show that the country has been in the state of the continuous economic growth for 18 months in a row. This is evidenced by the fact of a gradual increase in GDP. The last time such a positive trend was observed 10 years ago.

For the last quarter, the volume of GDP has increased by 4% per annum, while experts predicted the figure of 2.5%.

It also became known that in comparison with the previous financial quarter, the consumer demand had grown by 0.9% or 3.7% (in terms of a year). Investments in business have grown by 2.5% compared to the previous quarter. In relation to the same period last year, the increase is estimated at incomplete 10%.

In terms of the national economy development, the country of the rising sun has got ahead of the United States, whose growth rate totalled 2.6% over the past fiscal quarter.
Positive data will undoubtedly cause an even stronger strengthening of the already extremely strong Japanese yen.

The material was prepared with the participation of Andrey Majorov,
a leading analyst of the brokerage company CT Trade

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