Japan’s economy grew faster than expected during the second quarter, with GDP growing 1% on an annualized basis, ahead of median consensus estimates at 0.4%, and marking its fifth consecutive quarter of growth, based on the figures released on Friday.
Growth during the quarter was fueled by a surge in exports ahead of U.S. tariffs, but economists worry that exports could suffer as companies begin passing the costs onto consumers over the next few months, according to a report by Reuters.
