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Japan Q2 GDP expands annualised 0.2%

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Japan's economy grew at an annualised pace of 0.2 per cent in the April-June period, expanding for a second straight quarter but at a much slower rate on weak exports and capital expenditure, government data showed on Monday.

[TOKYO] Japan's economy grew at an annualised pace of 0.2 per cent in the April-June period, expanding for a second straight quarter but at a much slower rate on weak exports and capital expenditure, government data showed on Monday.

The preliminary reading for gross domestic product was weaker than a median market forecast for a 0.7 per cent expansion in a Reuters poll of economists. It followed a revised 2.0 per cent growth in the first quarter.

On a quarter-on-quarter basis, GDP marked flat growth in April-June, versus a 0.2 per cent growth expected by economists.

REUTERS

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