Tokyo, August 17 : Japan’s economy grew 3.7 percent in the second quarter, the first positive increase in five quarters, according to preliminary estimates released Monday by the Japanese government.
The figure represented a huge swing upward from the first quarter, when the gross domestic product (GDP) fell by an annualized 11.7 percent, and the quarter before that, which saw a dive of 13.1 percent.
Private consumption as well as the state fiscal injections contributed to the positive growth. But private investments continued to remain weak.
–IANS–