Japan's economy grows at annual rate of 3.1% in April-June period

Japan is not facing the inflationary pressures seen in parts of the U.S. and other developed nations. 

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Japan is certainly not seeing wage push inflation but the weak yen and the rising oil prices have pushed almost everything else higher from local ward taxes to food prices and everything in between!

Slow and steady wins the race.

Japan’s economy grew at an annual rate of 3.1% in the April-June period,

Remember that's only three months out of twelve months, so at the end it need to be counted as the whole year. Last year Japanese GDP only 1.9%, because it already counts all twelve months.

https://data.worldbank.org/indicator/NY.GDP.MKTP.KD.ZG?locations=JP

Maybe if Kishida had waited for these numbers he wouldn't have had to resign! All kidding aside, as mentioned above this is just for a three month period, and I'd like to know more about this robust domestic demand. Unless it was for A/C units I don't see people going on shopping sprees. Just everybody complaining about the high cost of everything.

"" Exports grew a booming 5.9% .""

What Japan does best.

So much manipulation and lies!

Inflation is WAY more than 3%. Any person in the street, even with a low IQ like me, could tell you that!

And no raises, apart from for the select elite employees at the big exporting powerhouses.

@Sakurasuki

 Last year Japanese GDP only 1.9%, because it already counts all twelve months.

Regarding last year a growth of 1.9% is not bad at all considering that the population declined by 0.58% (700 000).

Damage was done progressively over the last 3 decades and in term of GDP per capita according to the IMF Japan is now ranking 34, the lowest of the G7 and much lower than the average. Of course a lot of it is due to the super weak JPY but not only.

Great news, keep going Japan..

Japan is certainly not seeing wage push inflation but the weak yen and the rising oil prices have pushed almost everything else higher from local ward taxes to food prices and everything in between!

Remember that's only three months out of twelve months, so at the end it need to be counted as the whole year. Last year Japanese GDP only 1.9%, because it already counts all twelve months.

https://giphy.com/gifs/LOWLIVES-i-dont-like-you-idontlikeyou-lowlives-Wiy6mt9DiYJe3r1YnZ

As always.. LOL

Not sure where that 3.1% is coming from, but I can tell you right away that the inflation rate is way over that. Just look at the grocery prices who got doubled compared to 4-5 years ago, taxes and payments get higher every quarter, while the real salary is getting lower and lower for the past 2 years.

So where is the Economic growth, when India is going to overtake Japan for the 4th place by the end of the year??

DanteKHToday  11:07 am JST

So where is the Economic growth, when India is going to overtake Japan for the 4th place by the end of the year??

Thats just population numbers and development. Just as eventually China will eventually overtake the US.

Japan has already developed, so population has a part to play now. Indias population is larger and younger but they too eventually will fall victim to a falling population. and its birth rate is already collapsing due to education, health care, and higher wealth. We will just have to sell/export things to Indias massive population.

"Japan's economy grows at annual rate of 3.1% in April-June period."

Good news keep it up people!!

Well done!

@Abe234

You're confusing population growth, with economic growth.

While it can be argued that there is some kind of connection, is hilarious to think that China or India, will ever pass USA as economic power. If you want to look at real numbers, just chameck the GDP Per Capita. See where India and China are ;)