Japan economic growth

For the first quarter  the Japanese economy increased by more than predicted after stronger domestic demand that accelerated GDP growth.

The increase for the prediod January-March 2015 is  0.6% , according to preliminary data of the National Statistics in Tokyo. Expectations were for increase by 0,4 %. The growth compared to the same period of 2014 even reached 2.4%, which exceeded forecasts for a 1.6% expansion.

Statistics showed that the demand in the private sector has increased in the last quarter by 4.3% compared to the same period last year. Although export growth exceeded forecasts  rising by 10% , the imports compensated for the increase, jumping 12% compared to a year earlier.

This information partly supported the allegations that the Japanese economy is recovering, although still at a moderate pace after last year's recession caused by the increase in the tax on sales.