Japan’s economy grew 6% in the second quarter, far more than expected

Japan's economy grew 6% in the second quarter, far more than expected

Tokyo Skytree and Mount Fuji are seen from the I-link Town observatory in Ichikawa city, Chiba prefecture, east of Tokyo on July 2, 2023.

Philip Fong | Afp | Getty Images

Japan’s economy grew an annualized 6% in the second quarter, provisional government data showed Tuesday, handily beating market expectations.

Economist surveyed by Reuters had expected the world’s third-largest economy to post 3.1% growth in the April-June quarter. Quarter-on-quarter, the Japanese economy expanded 1.5%, topping expectations for 0.8% growth.

This is a developing story. Please check back for more updates.

admin