Japan GDP grows

Japan GDP grows

Revised figures showed that Japan's GDP grew by 0.8 per cent in the second quarter, a far more robust performance than expected. Consumer spending and corporate investment explained the gains. The country's trade surplus also delivered a surprise, shrinking to $5.966bn in August, 1.3 per cent lower than a year earlier. Growth in imports exceeded the increase in exports. Tomorrow brings the Japanese Government's supplementary budget to stimulate the economy.