DHAKA: Japan’s economy expanded at a faster-than-expected rate between July and September, due to higher exports.

Gross domestic product rose at an annualized rate of 2.2% in the three months to September, the third consecutive quarter of expansion.

Japanese firms have relied on overseas sales to make up for lackluster domestic demand.

There are concerns a Donald Trump US presidency will hurt Japan if anti-free trade rhetoric became a reality.

But since the election result, the yen has fallen against the dollar. That makes Japanese goods cheaper abroad, which is good news for the country’s exporters.

The latest official data showed the world’s third-largest economy expanded by 0.5% compared with the three months to June - better than the forecast of 0.2% growth.

It was some rare good news for Prime Minister Shinzo Abe’s projects to help stimulate the economy - dubbed Abenomics.

However, analysts said this pace could not be sustained given Japan’s reliance on exports.

“Consumption is barely there, and in capital expenditure there no growth ... so Japan is relying very much on the outside,” Takuji Okubo, chief economist of Japan Macro Advisers, told the BBC.

BDST: 1235 HRS, NOV 14, 2016
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