A man uses a laptop on a street at a business district in Tokyo, Japan January 23, 2024. REUTERS/Kim Kyung-Hoon
A man uses a laptop on a street at a business district in Tokyo, Japan January 23, 2024. REUTERS/Kim Kyung-Hoon
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Business & Economy

Japan's economy expands annualised 2.1% in Q1, above forecast

TOKYO, May 19 (Reuters) – Japan’s economy grew an annualised 2.1% in the first quarter, government data showed on Tuesday, compared with the median market forecast for a 1.7% gain.

The growth in gross domestic product (GDP) translated into a quarterly increase of 0.5%, which compared with the median estimate for a 0.4% rise.

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(Reporting by Leika KiharaEditing by Chang-Ran Kim)

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