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Japan Q2 GDP rises annualised 4.0% on consumption, capex

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Japan's economy expanded at an annualised rate of 4 per cent in April-June, posting a sixth straight quarter of expansion led by private consumption and capital expenditure, government data showed on Monday.

[TOKYO] Japan's economy expanded at an annualised rate of 4 per cent in April-June, posting a sixth straight quarter of expansion led by private consumption and capital expenditure, government data showed on Monday.

That marked the fastest pace of growth since January-March 2015.

The preliminary reading for second-quarter gross domestic product (GDP) compared with a median estimate for a 2.5 per cent annualised increase in a Reuters poll of economists.

It followed a revised 1.5 per cent annualised rate of expansion in the prior quarter, Cabinet Office data showed.

On a quarter-on-quarter basis, GDP rose one per cent, against a 0.6 per cent rise expected by economists.

REUTERS

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