Economic Developments in Japan: Long-Lasting Recovery Next, I will touch upon developments in Japan's economy. The economy has improved steadily this year, backed in part by the developments in the global economy that I just outlined.
Real GDP for the July-September quarter registered relatively high growth of 2.5 percent on an annualized basis, representing positive growth for the seventh consecutive quarter since the January-March quarter of 2016. In detail, Japan's exports have been on an increasing trend, mainly led by IT-related goods exports to Asia. Domestic demand has also increased.