Japan's economy grew 1% as compared to previous quarter. This is its fastest pace for more than two years, as capital and consumption expenditure increased.
Government data showed that Japan's GDP grew at an annualised rate of 4% in the April-to-June period, beating a 2.5% growth expectation.
Increased spending and investment has allowed Japan to enjoy its longest economic expansion in a decade. This is further helped by rising exports, including smart phones and memory chips. Not only that, recent investments tied to Tokyo Olympic 2020 have also helped tremendously to Japan's economy.
These latest growth figures could potentially help increase confidence in Japan's Prime Minister Shinzo Abe. Abe has promised to reignite growth and spending through his Abenomics reforms.
Shinke Yoshiki, chief economist at Dai-ichi Life Research Institute said the latest growth figures were a "good result and tailwind for Abenomics."
日本经济第二季度增速创两年来新高
随着消费支出和资本支出的增加,日本国内生产总值(GDP)在第二季度增长4%,为两年来以来的最快增速。而相比较上季度,也增长了1%。
电子产品等商品的出口增长,带动了日本的经济。另外,针对东京2020奥运会相关的投资也为日本经济注入了一针强心剂。
二十世纪九十年代初期,日本股市和房地产市场泡沫破裂之后,日本以已经与通货紧缩,价格下跌以及经济衰退作了多年的斗争。
安倍经济学采取货币宽松政策,政府支出和结构性改革的组合方案,旨在重振日本一度蓬勃发展的经济。有评论认为,此次日本经济增速创两年来新高助推了安倍经济学。
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