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The Japanese economy grew better than the expected annual rate of 1% in the last quarter raised by export, which survived, despite the higher duties of US President Donald Trump.
The United States has been imposed 15% tax In imports from Japan. This is higher than before for some products, but lower than 25%debt, which Trump announced earlier.
A real gross domestic product (GDP), which measures the total cost of state and state services, increased by 0.3% in the first financial quarter compared to the previous quarter, exceeding the assessment of analysts.
It was the fifth quarter in a row of Japan.
Tourism gives an impetus to the Japanese economy
According to the Council of Ministers, Japan’s export increased by 2.0% during this period. The 90 -day pause to impose higher responsibilities on most goods, and most commercial partners allowed companies to accelerate exports in order to try to avoid higher import duties.
But last week 15% of the duties entered into force, closing this window.
Increasing foreign visits tourist He also helped, although he also caused dissatisfaction with some Japanese who are upset from various aspects of foreigners.
In addition to exports, capital investments increased by 1.3% compared to a year earlier, which contributes to faster growth. But consumer expenses remained relatively weak, increasing only by 0.2%.
Prices are rising, but the increase in wages slows down
Prices are growing steadily, while salaries remain stagnant.
The strongest of the expected financial indicators in the last quarter increases the likelihood that the Central Bank of Japan will increase its main interest rate from its long -term level near zero to help determine it inflationField
The high duties that Trump imposed on an attempt to convince the company to increase production in the United States, increased pressure on Prime Minister Shiger -Ishab, who is faced with resignation appeals after the rulers of the liberal democrats and their partner Komeito Failed to win the majority In both organs of parliament.