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Thursday, 15th August 2013
In Business In Japan,

Japan's GDP is not bad, says expert

New financial figures have confirmed that the Japanese economy expanded in the second quarter of 2013.

However, the numbers are less impressive than those predicted by a number of economic experts, many of whom were very upbeat about the state of Japan's finances.

It has been confirmed that gross domestic product (GDP) increased by 0.6 per cent in the April to June period, which suggests an annualised rise of 2.6 per cent.

And while the figure is considered impressive in relation to other rival economies, it is still some way short of the 4.1 per cent annual rate seen in the first three months of the year.

Speaking to the BBC, Dr Seijiro Takeshita, a director of Mizuho International, observed that growth was being "back-loaded to the next quarter".

He added that while the figures may be considered underwhelming by some people, GDP of 2.6 per cent was "not a bad number at all".

Written by Susan Ballion