Japan's Q2 GDP grows at 6.0 Pct

TOKYO, Aug 15 (KUNA) -- Japan's economy expanded at an annualized pace of 6.0 percent in the April-June period, up for the third consecutive quarter, buoyed by robust exports, government data showed Tuesday.

The gain of the gross domestic product (GDP) followed January-March quarter's revised 3.7 percent expansion, and posted the fastest growth since a 7.9 percent expansion in the final quarter of 2020, according to preliminary data released by the Cabinet Office.
On a quarterly basis, the world's third-biggest economy's GDP grew 1.5 percent in the three months ended June 30 from the January-March period.
The Japanese economy is expected to continue to "recover moderately" backed by improving employment and income environment, as well as capital expenditure recovering gradually, Economy and Fiscal Policy Minister Shigeyuki Goto said at a press conference after the Cabinet released GDP data.
However, Goto underlined the need to pay attention to downside risks, such as impact of inflation and slowdown in global economy.
Personal consumption, which makes up about half of Japan's GDP, slid 0.5 percent from the previous quarter amid rising inflation.
Corporate capital spending, another major contributor to growth, edged up 0.03 percent. Exports increased 3.2 percent, thanks to brisk shipments of cars and a revival in inbound tourism. GDP is the total value of goods and services produced domestically. (end) mk.gta.