(MENAFN) In Q2, Japan's economy grew more than expected at fastest pace in more than two years as consumer spending and capital expenditure rose at fastest pace in more than three years.
The gross domestic product expanded at an annualized rate at 4.0% in April-June period, more than median estimate for 2.5% annualized growth and the largest growth since January-March 2015.
While annualized GDP was 1.5% for previous quarter, the real GDP posted was 0.4% growth from a 0.3% increase.
A senior economist at Mizuho Research Institute said: "The engines of consumer spending and capital expenditure both fired well in the second quarter, and that's why domestic demand was so strong."
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