Japan's Economy Grows in Fastest Pace in Jan-March

  • As per reports, Japan’s economy expanded at the fastest pace in a year in the first quarter.

    Positive data issued on Thursday is expected to bring some relief to Bank of Japan policymakers, who now think that the economy is gathering enough momentum in order to escalate price rises that remain below their 2% target.

    The robust exports and firming domestic consumption helped the country’s economy to expand an annualized 2.2% in January-March.

    Reports also say that the country’s expansion in the quarter January-March outpaced an annual 1.8% growth in the euro zone and a 0.7% increase in the United States.