The Japanese economy grew at an annual rate of 2.2% in the April-June period

According to government data released on Monday, the Japanese economy grew at an annual rate of 2.2% from April to June. This is the third consecutive quarter of growth in private consumption.

The increase in gross domestic product (GDP) was slower than the market forecast of 2.5%, corresponding to quarterly growth of 0.5%, while market forecasts were for 0.6%.

Personal consumption data rose 1.1% quarter-over-quarter in April-June, compared with the average market forecast of 1.3%.

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