MADRID, 15 Ago. (EUROPA PRESS) -

The Gross Domestic Product (GDP) of Japan registered an expansion of 1.5% in the second quarter of the year, six tenths more than in the previous quarter and above expectations, according to preliminary data published on Tuesday by the Office of the Cabinet of the Japanese Government.

Compared to the same quarter of 2022, the Japanese economy grew by 2%, while the annualized rate of activity in Japan increased by 6%.

The rebound observed in GDP during the second quarter of 2023 was supported by the growth of residential private investment, which increased by 1.9% compared to 0.7% in the previous quarter, as well as public investment, which grew by 1.2%, five tenths less than in the previous quarter.

For its part, private household consumption, responsible for 60% of GDP, fell by 0.5% in the second quarter, compared to the 0.6% increase registered in the first quarter of the year.

For its part, government spending maintained its quarterly increase at 0.1%, while, on the side of external demand, exports of goods and services increased by 3.2% after the decrease of 3.8 % experienced between January and March.