Government of Nova Scotia, Canada

Home > Economics and Statistics > Archived Daily Stats
The Economics and Statistics Division maintains archives of previous publications for accountability purposes, but makes no updates to keep these documents current with the latest data revisions from Statistics Canada. As a result, information in older documents may not be accurate. Please exercise caution when referring to older documents. For the latest information and historical data, please contact the individual listed to the right.

<--- Return to Archive

For additional information relating to this article, please contact:

Thomas StorringDirector – Economics and Statistics
Tel: 902-424-2410Email:

September 08, 2023

The Japanese economy expanded at a seasonally adjusted annualized rate of 4.8% in the second quarter of 2023. The Japanese economy has reported growth in three consecutive quarters for the first time since Q1-Q3 of 2019.

Japan's economic growth came despite a decline in real household consumption. Rising exports coupled with declining imports have been particularly strong contributors to Japan's economic growth as the value of the yen has depreciated. Other categories also contributed to growth: higher government spending along with increases in residential and public investment. After revisions, non-residential investment declined in Q2 2023.

Japan's nominal GDP increased by 11.4% (seasonally adjusted annualized rate) in Q2 2023. Japan's price deflator for real GDP (the broad measure of price growth) increased at a seasonally adjusted annualized rate of 6.4% in Q2 2023.

Cabinet Office of Japan: Quarterly Estimates of GDP

<--- Return to Archive