Clifford Beaumont: Japanese Economic Growth Rises For 7th Consecutive Quarter

Japan’s economy has posted seven consecutive quarters of growth in what has been the longest run of growth in over a decade. Latest statistics showed gross domestic product (GDP) increased at an annualized rate of 1.4% in the 3rd quarter of 2017.

The latest quarterly numbers come after nearly 5 years of controversial economic stimulus by the Bank of Japan at the behest of Prime Minister Shinzo Abe. The expansion has been driven largely by a robust export sector buoyed by stronger global demand for Japanese products and has helped offset weaker consumer spending at home.

Analysts at Taipe..

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