Japan’s economy grew 1.5 percent in the three months to June, official data showed Tuesday, beating expectations on the back of strong exports.
The average forecast for quarter-on-quarter growth in the world’s third-largest economy had been 0.8 percent, according to Bloomberg News.
The data, released by the Cabinet Office, means the economy grew an annualised 6.0 percent, compared with the market expectation of 2.9 percent, giving Japan three straight quarters of growth.
The data, however, also underscored the continued weakness of domestic demand as families struggle in the face of raising prices.—APP
