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Economy

Japan's GDP rises 0.8% in August on private-sector demand: JCER

Growth in housing investment and capital spending behind gain

Mount Fuji towers over Tokyo's Shinjuku business district.   © AP

TOKYO -- Japan's real gross domestic product climbed 0.8% in August from the previous month, data released by the Japan Center for Economic Research shows.

Private-sector demand pushed up GDP growth by 0.6 percentage point, with housing investment jumping 1.2% and capital spending rising 0.6%.

External demand, meanwhile, provided a 0.2-percentage-point boost as exports climbed 2% and imports edged up 1%.

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