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Japan upgrades GDP growth to annual 6.7 pct for quarter one

English.news.cn   2014-06-09 09:56:28

TOKYO, June 9 (Xinhua) -- The Japanese economy expanded at an annualized rate of 6.7 percent during the first three months of 2014 in inflation-adjusted terms, the government said on Monday.

The January-March growth in real gross domestic product corresponded to a 1.6 percent rise from the previous quarter, the Cabinet Office said in a report.

The government said in the initial report on May 15 that the country's economy expanded an annualized 5.9 percent in the first quarter of this year, supported by robust consumer spending.

Corporate capital spending soared 7.6 percent from the previous quarter, upwardly revised from the 4.9 percent rise reported in the preliminary data.

Private consumption growth was upwardly revised to a 2.2 percent rise from 2.1 percent growth.

Exports rose 6.0 percent, while imports increased 6.3 percent, the same as in the initial report.

Editor: Xiang Bo
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