Japan Nears 72nd Month of Growth as Government Keeps Recovery View
Updated
Updated · The Japan Times · Jun 30
Japan Nears 72nd Month of Growth as Government Keeps Recovery View
3 articles · Updated · The Japan Times · Jun 30
Summary
Japan is on track for a 72nd straight month of expansion in May, putting the economy within reach of its longest postwar growth streak.
Tuesday’s monthly economic report kept the official assessment at “recovering moderately,” suggesting the expansion can withstand higher oil prices from the Iran war and the Bank of Japan’s push to normalize rates.
The Cabinet Office’s leading index, due July 7, is expected to confirm the expansionary trend for May.
If June and July also signal growth, the current run would surpass the previous postwar record of 73 months.