More from Japan economy minister Amari:

  • Private consumption, capex, housing investment grew, contributing to Q1 GDP expansion
  • Exports contributed to economic growth due to moderate recovery in overseas economies
  • Weakness still seen in capex
  • Wants to pay close attention to Greece, slowdown in China among external risks to Japan economy
  • Economy should be able to exceed 3 pct nominal growth needed for fiscal consolidation plan
  • Japan economy not in deflation now but has not yet completely overcome it