Japan's economy expands in Q1

Tokyo, May 17 Japan's economy expanded at an annualised real 1.6 per cent in the January-March quarter of 2023, the government said in a report on Wednesday.

The Cabinet Office's preliminary data showed the growth in the recording period marked the first expansion in three quarters, reports Xinhua news agency.

In terms of real gross domestic product, meaning the total value of goods and services produced in the country adjusted for inflation, the economy grew 0.5 per cent from the previous quarter, the office also said.