Tokyo, Aug 17 (DPA) 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.
