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Economy

Japanese GDP up 0.5% in August: JCER

Exports to Asia drove economic growth

TOKYO -- Japan's gross domestic product grew 0.5% on the month in real terms this August, the Japan Center for Economic Research estimated Tuesday.

Exports to China and other Asian markets, which make up half of Japan's total, rose 2.7%. Total exports increased by 3%.

Overseas demand provided a lift of 0.4 percentage point to August GDP. Capital investment grew 1.4%.

Meanwhile, consumer spending dropped by 0.1% and public investment by 0.2%.

(Nikkei)

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