The Japanese economy has emerged from recession, following the highest growth figures for two years, the BBC reported on its website.

Japanese Gross Domestic Product grew at a rapid 1.4% from January to March, an annualised rate of 5.7% and a better performance than the United States, the BBC said.

But analysts told the BBC that a sustained recovery remains unlikely.

The BBC said that the strong performance in the first quarter was largely due to renewed demand for Japanese exports from the US with cars and electronic goods doing particularly well thanks to a cheaper yen.

Unseasonably warm weather also helped domestic demand grow, the BBC added.

The BBC said that analysts questioned the reliability of the figures with few expecting sustained growth in consumer spending.
Previous growth spurts during Japan’s 12 years of stagnation have quickly petered out, the BBC added.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

“The economy hit the floor faster than many people had anticipated,” Taro Saito, senior economist at NLI Research Institute, told the BBC. “But I don’t expect such strong growth in April to June. It will be much lower, probably closer to zero.”