Driven by robust exports and firming domestic consumption, Japan’s economy expanded an annualized 2.2% in January-March, exceeding a median market forecast for a 1.7% rise to post the fastest growth rate since January-March 2016, Cabinet Office data showed.
Positive data issued on Thursday should offer some relief to Bank of Japan policymakers, who hope the economy is now gathering enough momentum to drive up inflation that remains stubbornly below their 2% target.
Source: Republic of Turkey Ministry of Economy
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