Japan's economy grows 1.6% in January-March | Bangkok Post: news

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Japan's economy grows 1.6% in January-March

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Japan's economy saw its strongest expansion in more than two years during the first quarter of 2013, revised data showed Monday, but a sales tax rise has weighed on growth since the levy hike. 

Customers queue to buy Sony's PlayStation 4 video game console at an electronics store in Tokyo, on February 22, 2014

The world's number-three economy grew by 1.6 percent between January and March, slightly faster than an initial estimate of 1.5 percent, and 6.7 percent on an annualised basis -- a hypothetical figure that stretches the pace of growth over the course of a year.

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