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Japan's Surprise Growth Spurt Fails to Lift Clouds on Horizon

  • Domestic demand fuels GDP expansion as exports slump
  • Risks remain high as trade war escalates, tax increase looms
Bloomberg business news
Japan’s Economy Grew More Than Expected in 2Q
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Another quarter of stronger-than-expected growth did little to ease concerns that trade tensions and a tax hike are set to slow Japan’s export-driven economy.

Gross domestic product defied expectations again, growing an annualized 1.8% in the second quarter from the previous three months, as a surge in consumer spending and better-than-expected capital investment offset an export slump.