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Japan's economy posts longest growth streak since 2001

From BBC - November 14, 2017

Japan's economy has expanded for seven quarters in a row in the longest period of growth in more than a decade.

Data showed gross domestic product (GDP) grew at an annualised rate of 1.4% between July and September.

The solid quarterly result comes after more than four years of economic stimulus by Prime Minister Shinzo Abe.

Exports and stronger global demand for Japanese products has driven the expansion which helped offset a dip in consumer spending at home.

Martin Schulz, senior fellow at the Fujitsu Research Institute in Tokyo said the economy has been boosted by very strong export demand, growing at 6%.

With the "world economy recovering almost in sync and with expansions from the US through Asia to the European Union, this helps Japan's exporters tremendously," he added.

'Not out of the woods'

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