Japan posts highest quarterly GDP growth in a yr
Japan's economy expanded 1.7% year-on-year in the quarter ended March, the fastest growth in a year, official data released on Wednesday revealed. This comes after the world's third-largest economy contracted 1.7% in the previous quarter. Further, private consumption, which accounts for 60% of the GDP, grew 0.5% amid higher household spending on televisions, food and recreation, the data revealed.