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Japan set for third quarter of growth on solid domestic demand: Reuters poll
SG📈 EconomyCenter3 hr. ago

Japan set for third quarter of growth on solid domestic demand: Reuters poll

Japan's economy is projected to grow for the third consecutive quarter in the April-June period, driven by strong domestic demand and reduced import costs, according to a Reuters poll of 15 economists. The median forecast estimates a 2.0% annualized increase in GDP, following a 1.8% rise in the first quarter. Growth is expected to be influenced by resilient private consumption and capital investment, supported by government policies and alternative energy progress. However, rising raw material prices and supply chain disruptions due to the U.S.-Iran conflict remain concerns. The Bank of Japan may consider these economic indicators when deciding on potential interest rate adjustments. Preliminary GDP data will be released on August 17.

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Channel NewsAsia (CNA) logoChannel NewsAsia (CNA)State / PublicCenter3 hr. ago
Japan set for third quarter of growth on solid domestic demand: Reuters poll

Japan's economy is projected to grow for the third consecutive quarter in the April-June period, driven by strong domestic demand and reduced import costs, according to a Reuters poll of 15 economists. The median forecast estimates a 2.0% annualized increase in GDP, following a 1.8% rise in the first quarter. Growth is expected to be influenced by resilient private consumption and capital investment, supported by government policies and alternative energy progress. However, rising raw material prices and supply chain disruptions due to the U.S.-Iran conflict remain concerns. The Bank of Japan may consider these economic indicators when deciding on potential interest rate adjustments. Preliminary GDP data will be released on August 17.

Bias read (Center): The article presents economic forecasts and analysis without overt ideological slant. It reports on growth projections, factors influencing the economy, and potential central bank responses, balancing both positive indicators (domestic demand, government support) with challenges (Middle East冲突, raw

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