Japan's slowdown in Q2 signals lack of confidence in Abenomics: analysts
Economy inches up just by 0.2% on an annualised basis, hit by stagnant domestic demand and weak exports
Tokyo
JAPAN'S economic growth came almost to a halt in the second quarter of this year compared to the first quarter and while such comparisons often produce wide variations in gross domestic product (GDP), the underlying trends in the latest data raised new doubts about the success of Prime Minister Shinzo Abe's Abenomics policies.
Hit by stagnant domestic demand and weak exports, the world's third-largest economy grew by just 0.2 per cent on an annualised basis during the April-June period, the Cabinet Office announced on Monday, which was well short of a median market forecast of 0.7 per cent.
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