Japan economy grows much faster than expected

Japan's system grew overmuch faster than expected successful the 3 months to the extremity of June arsenic the country's anemic currency boosted exports.

The world's 3rd largest system saw its Gross Domestic Product (GDP) emergence by an annualised 6% successful the period.

It is astir doubly the complaint of maturation forecast by economists and marks the biggest emergence successful astir 3 years.

The autumn successful the worth of the yen helped exporters arsenic Japanese-made goods became cheaper for consumers astir the world.

Japan's currency has fallen sharply against large currencies successful caller months and is down by much 10% versus the US dollar this year.

"The anemic yen is down the affirmative GDP numbers," Fujitsu's main economist Martin Schulz told the BBC.

GDP is 1 of the astir important tools for looking astatine however well, oregon badly, an system is doing.It helps businesses justice erstwhile to grow and prosecute much people, and it lets authorities enactment retired however overmuch to taxation and spend.

Profits astatine the country's car makers - including Toyota, Honda and Nissan - person been boosted successful caller months arsenic they saw accrued request for exports.

Japan's system has besides been helped by a emergence successful tourer numbers aft the authorities lifted borderline restrictions astatine the extremity of April.

As of June, the fig of overseas visitors to Japan had recovered to much than 70% of pre-pandemic levels, according to the country's nationalist tourism authority.

Spending by tourists is besides expected to springiness the country's system an adjacent bigger boost from this period aft China lifted a prohibition connected radical travel.

Before the pandemic Chinese visitors accounted for much than a 3rd of tourer spending successful Japan.

That is helping to offset the interaction of the slowing betterment of depletion successful the state itself aft the pandemic.

"The main trouble for Japan's 2nd fractional is, however, that the home system is cooling," Mr Schulz said.