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According to data released by the Japanese government on Thursday, the first quarter of the economy hit the fastest growth in the past year, the longest period of expansion in 10 years, to strengthen the strong overseas demand driven by the economy is expected to recover steadily prospects.
The data also gave the Bank of Japan decision makers some comfort, decision makers expect the economy to accumulate enough momentum to push up salary growth and weak household spending and still sluggish inflation.
According to the data released by the Cabinet Office on Thursday, Japan's real gross domestic product (GDP) rose by 2.2% in January-March, up 1.7% from the estimated median and the fastest since the first quarter of 2016 Growth rate.
This is the fifth consecutive quarter of Japan to achieve economic expansion, but also through the six consecutive quarters of 2006, since the continuous expansion of the longest period of continuous economic growth. When the Bank of Japan was due to strong signs of economic exit before the quantitative easing plan.
"Driven by domestic and international demand, economic growth is good," said Kyohei Morita, chief economist at French Agricultural Credit Bank.
"Consumer spending is still relatively weak, there is still room for improvement, but the economy, whether it is in the growth rate or the quality of the expansion, have been on a grade.
As the export and industrial production benefit from rising overseas demand, the Japanese economy is showing its vitality.
But there is little growth in consumer prices, as companies are still cautious about the pay rise, which allows the Bank of Japan to bear the pressure to continue to maintain large-scale stimulus policies, even if the economy signs of strong.
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