Japan at Top of the Growth Table Among G-7 Peers
- Private consumption and business spending beat expectations
- Stronger wage gains are still needed to spur faster inflation
Kathy Matsui, vice chair and chief Japan equity strategist at Goldman Sachs, discusses Japan's second-quarter GDP figures, wage growth, corporate profitability and her outlook for markets and the Bank of Japan. She speaks on 'Bloomberg Markets: Asia.' (Source: Bloomberg)
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Japan’s second-quarter gross domestic product data put the nation in an unexpected spot: at the top of the growth table among Group of Seven advanced economies.
The strongest domestic demand in years helped drive Japanese GDP to a sixth consecutive quarter of expansion, elevating hopes for a sustainable recovery in an economy that’s been better known in recent years for tepid inflation and a declining population than beating forecasts.