Japan’s economy grew at a slower-than-expected pace in the April-June quarter, as weak household consumption and business investment offset resilient exports, while uncertainty linked to the Middle East conflict continued to weigh on confidence.
Gross domestic product expanded at an annualised rate of 1.1% in the second quarter, government data showed on Monday. The reading fell short of the 2.0% median forecast in a Reuters poll and was below the revised 1.9% growth recorded in the January-March quarter.
