Japan's Q1 GDP growth revised upwards to 4.7% year on year

08 June 2012 03:47  [Source: ICIS news]

SINGAPORE (ICIS)--Japan’s economy grew by 4.7% year on year in the first quarter of this year, revised upwards from the initial estimate of a 4.1% increase, the country’s Cabinet Office said on Friday.

The country’s GDP rose by 1.2% quarter on quarter in January-March 2012, up from a preliminary estimate of 1.0%, it said in a statement.

Meanwhile, the country’s trade deficit widened by 12.7% year on year to yen (Y) 464bn ($5.8bn) in April this year as imports rose faster than exports, according to the Finance Ministry in a statement on Friday.

Japan’s overall exports rose by 11.1% year on year in April, while its imports rose by 11.2% year on year, it added.

($1 = Y79.69)


By: Nurluqman Suratman



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