Minggu, 11 Agustus 2013

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Japanese growth slower than expected

Ship being unloaded in TokyoJapanese exports were one of the biggest contributors to growth

Japan's economy expanded at a slower pace than most analysts expected in the second quarter.

Gross domestic product grew 0.6% in the April to June period, indicating an annualised increase of 2.6%, government data showed.

That is down from the 4.1% annualised rate in the first three months of the year. Analysts were expecting a 3.6% expansion.

The data complicates Prime Minister Shinzo Abe's planned sales-tax rise.

The Cabinet Office numbers showed exports and public spending contributed the most to growth, which showed the economy expanded for a third straight quarter. Private investment however weakened.



Source: BBC News - Business http://www.bbc.co.uk/news/business-23662630#sa-ns_mchannel=rss&ns_source=PublicRSS20-sa