Japanese economy misses second-quarter growth expectations

Japanese economy misses second-quarter growth expectations

Japan’s economy grew 1.1 percent in the second quarter, missing expectations as weaker domestic demand offset strong exports. On a quarterly basis, GDP grew 0.3 percent, slowing from the pace recorded in the first three months of the year and falling short of the 0.5 percent forecast. Li Xing Gan, Financial Market Strategist at Exness, explains further.