Japan's Q2 GDP hits 1.1% annualized, undershooting forecasts amid soft domestic demand

1 min read
Source: CNBC
Japan's Q2 GDP hits 1.1% annualized, undershooting forecasts amid soft domestic demand
Photo: CNBC
TL;DR

Japan's economy expanded 1.1% annualized in Q2, missing forecasts of about 2%, with a 0.3% quarterly gain and a 0.7% year-on-year growth as exports led the pickup aided by a weak yen; higher energy costs from the Middle East and softer domestic demand tempered momentum, while the BOJ nudged its 2026 growth outlook to about 0.6%.

Share this article

Want the full story? Read the original reporting

Read on CNBC