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AP-Colorado

Japanese economic growth surges on strong exports and tourism

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Published 7:47 PM

By YURI KAGEYAMA
AP Business Writer

TOKYO (AP) — Japan’s economic growth jumped at an annual pace of 6% in the April-June period, marking the third straight quarter of growth as exports and inbound tourism recovered. Real gross domestic product, which measures the sum value of a nation’s products and services, grew 1.5% in the fiscal first quarter for the world’s third largest economy, according to the Cabinet Office. The annualized pace shows what the growth would have been if what was marked during the quarter had continued for a year. The rate outpaced what analysts had forecast at 3.1% growth. It was the strongest growth since October-December 2020.

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