TOKYO (Reuters) – Japan’s economy expanded an annualised 2.2% in the April-June period to mark the third straight quarter of expansion on solid private consumption, government data showed on Monday.
The increase in gross domestic product (GDP) was slower than a median market forecast for a 2.5% expansion. It translated into quarterly growth of 0.5% against market forecasts for a 0.6% rise.
Private consumption rose 1.1% in the April-June period from the previous quarter, compared with a median market forecast for a 1.3% increase, the data showed.
(Reporting by Leika Kihara, Tetsushi Kajimoto and Kantaro Komiya; Editing by Christian Schmollinger)
