Japan's economy expands annualised 2.2% in April-June

BY Reuters | ECONOMIC | 08/14/22 07:58 PM EDT

TOKYO, Aug 15 (Reuters) - Japan's economy expanded an annualised 2.2% in the April-June period to mark the third straight quarter of expansion on solid private consumption, government data showed on Monday.

The increase in gross domestic product (GDP) was slower than a median market forecast for a 2.5% expansion. It translated into quarterly growth of 0.5% against market forecasts for a 0.6% rise.

Private consumption rose 1.1% in the April-June period from the previous quarter, compared with a median market forecast for a 1.3% increase, the data showed. (Reporting by Leika Kihara, Tetsushi Kajimoto and Kantaro Komiya; Editing by Christian Schmollinger)

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