Japan's economy expands annualized real 1.6 pct in Q1

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Japan's economy expands annualized real 1.6 pct in Q1

STORY: Japan's economy expands annualized real 1.6 pct in Q1 DATELINE: May 18, 2023 LENGTH: 00:00:39 LOCATION: Tokyo CATEGORY: ECONOMY SHOTLIST: 1. various of street views in Tokyo STORYLINE: Japan's economy expanded at an annualized real 1.6 percent in the January-March quarter of 2023, the government said in a report on Wednesday. The Cabinet Office's preliminary data showed the growth in the recording period marked the first expansion in three quarters. In terms of real gross domestic product, meaning the total value of goods and services produced in the country adjusted for inflation, the economy grew 0.5 percent from the previous quarter, the office also said. Xinhua News Agency correspondents reporting from Tokyo. (XHTV)

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