Japan’s economy is set to expand 2.5% this month, the government said on Friday, as a weaker yen boosted exports and boosted domestic demand.
Japan’s manufacturing output rose 0.4% in April from the previous month, which was its slowest pace in nearly five years, the Finance Ministry said.
The country is set for a stronger third quarter and will see a strong recovery in output this year, with exports rising 1.9% and imports rising 3.4%.
The economy grew 0.2% in the second quarter from the same period last year.
The manufacturing sector is a key driver of the economy, accounting for about 90% of the country’s output.
A strong manufacturing sector has helped the country to meet its growth target of 3% over the next five years.
The economy is expected to grow by 2.2%, its slowgest pace in seven years.