Ja­pan econ­omy ex­pands by 2.2%

China Daily (USA) - - BUSINESS -

Ja­pan’s econ­omy grew an an­nu­al­ized 2.2 per­cent in real terms in the July-Septem­ber quar­ter, ex­pand­ing for the third con­sec­u­tive quar­ter, the gov­ern­ment said Mon­day. The growth, partly at­trib­uted to an ex­port re­cov­ery, came in stronger than the av­er­age mar­ket ex­pec­ta­tions for an an­nu­al­ized 0.8 per­cent ex­pan­sion, ac­cord­ing to data is­sued by Ja­pan’s Cab­i­net Of­fice. An­a­lysts here, how­ever, are gen­er­ally con­cerned about the dif­fi­culty the Ja­panese econ­omy is fac­ing, due to weak do­mes­tic de­mand and the stronger yen, as well as the un­cer­tainty of the global eco­nomic out­look fol­low­ing Don­ald Trump’s vic­tory in the US pres­i­den­tial elec­tion.

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