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Financial News: Japan GDP Jumps 3.0% On Year In Q2

Japan GDP Jumps 3.0% On Year In Q2

09/09/2018 - 20:18:00 (RTTNews)

(RTTNews) - Japan's gross domestic product expanded 3.0 percent on year in the second quarter of 2018, the Cabinet Office said on Monday.

That beat forecasts for 2.6 percent and was up from the previous reading of 1.9 percent.

On an annualized seasonally adjusted basis, GDP added 0.7 percent - unchanged and in line with expectations.

The GDP deflator was up 0.1 percent on year - also unchanged and matching forecasts.

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