Japanese Economy Grows Slower Than Expected in Q2


Japan's GDP grew 0.6 percent in the second quarter from the previous three months, marking the third straight quarter of expansion, but below market expectations.


Private consumption expanded by 0.8 percent supported by spending on food, travel and consumer electronics. Government expenditure grew by 0.8 percent, public investment by 1.8 percent, exports by 3 percent and capital expenditure by 0.3 percent. Private residential investment declined by 0.2 percent.
 
External demand added 0.2 percentage point to growth, while domestic demand contributed 0.5 point.

Japan's economy grew an annualized 2.6% in the April-June period.


Japanese Economy Grows Slower Than Expected in Q2


the Cabinet Office | anna@tradingeconomics.com
8/12/2013 1:32:11 AM