FILE PHOTO-A cargo ship and containers are seen at an industrial port in Tokyo, Japan, February 15, 2022. REUTERS/Kim Kyung-Hoon/File Photo Acquire Licensing Rights
TOKYO, Aug 15 (Reuters) – Japan’s economy grew at an annualised clip of 6.0% in April-June from the previous quarter, government data showed, marking the third straight quarter of expansion led by external demand, although recovery from the COVID-19 pandemic remained tame.
The gross domestic product (GDP) figure translated to a quarterly increase of 1.5%, bigger than a median estimate for 0.8% in a Reuters poll of 18 economists.
By key sub-sectors, private consumption, which makes up more than half of the world’s third-largest economy, fell 0.5% quarter-on-quarter. Exports expanded 3.2%, while capital expenditures were flat.
Reporting by Tetsushi Kajimoto and Kantaro Komiya
Editing by Chang-Ran Kim
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