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Japan economy barely grows in April-June: revised data
[TOKYO] Japan's economy barely grew in the April-June quarter, revised data showed Thursday, supplying the latest failing report card for the prime minister's policy blitz.
Growth in the world's third-largest economy came in at 0.2 per cent on-quarter, slightly better than a 0.0 per cent preliminary estimate last month, as weak exports dented activity.
On an annualised basis, the economy expanded a revised 0.7 per cent, compared with a slight 0.2 per cent expansion in the preliminary data.
That is still off a 2.1 per cent annualised growth rate seen in the first quarter of the year.
Japanese officials are under pressure to deliver as economists increasingly write off Prime Minister Shinzo Abe's years-long bid to cement a lasting recovery, dubbed Abenomics.