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Economy

Japan's GDP grows 1.8% in March: JCER

Exports and housing investment lift economy for second straight month

Visitors flock to Tokyo's Ueno Park during cherry blossom season in March.   © Reuters

TOKYO -- Japan's real gross domestic product gained 1.8% in March from the previous month, boosted by exports and housing investment, according to estimates released Wednesday by the Japan Center for Economic Research.

The economy expanded for a second consecutive month to reach 545.19 trillion yen ($5 trillion) in annualized, seasonally adjusted terms. The pace of growth accelerated from 0.3% in February.

Exports grew 3% while housing investment rose 1.6%.

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