Japan’s Economic Recovery Seen Weaker With Sticky Inflation

Japan’s economic recovery is forecast to be losing momentum amid the growing concern over a synchronized global slowdown, according to economists surveyed by Bloomberg.

The world’s third largest economy is expected to post an annualized 3.4% expansion in the quarter through June from the previous period, according to the median forecast by economists in the July 1-6 survey. That’s down from the 4% growth expected in the previous survey.