Tokyo, May 19 (Jiji Press)–Japan’s gross domestic product in January-March grew 0.5 pct from the previous quarter after price and seasonal adjustment, the Cabinet Office said in a preliminary report Tuesday. The preliminary reading represents a 2.1 pct annualized rise. The annualized figure beat the median estimate of 1.7 pct growth among 19 think tanks surveyed by Jiji Press. In nominal terms, January-March GDP rose 0.8 pct for an annualized increase of 3.4 pct. END [Copyright The Jiji Press, Ltd.]
Japan Jan.-March GDP Up Preliminary 0.5 Pct
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