Business & Economy · 39 views
Japan second-quarter GDP grows 1.1% on an annualized basis, missing expectations
Japan's economy expanded 1.1% in the second quarter on an annualized basis, missing expectations for 2% growth as softer domestic demand offset strong exports.
Summary
Japan's economy expanded 1.1% in the second quarter on an annualized basis, missing expectations for 2% growth as softer domestic demand offset strong exports. This is the first full quarter to include the impact of the Iran war, which has brought energy prices higher for business and households.
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