ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print
Economy

Japan GDP rebounds in Q2 with 1.3% annualized growth

First uptick in 2 quarters beats forecasts despite COVID state of emergency

The upswing was weaker than other advanced economies, highlighting Tokyo's struggle in containing the pandemic.   © Reuters

TOKYO -- Japan's economy grew 0.3% in April-June from the previous quarter, equal to an annualized pace of 1.3%, the Cabinet Office announced on Monday, as corporate capital spending turned positive despite consumer spending that remained sluggish amid COVID-19.

The first turnaround in two quarters was bigger than an annualized increase of 0.66% that economists had expected. Most of the period between April and June coincided with a state of emergency in Tokyo, Osaka and other areas, when measures such as curbing outings, shortening restaurant hours, and closing large commercial facilities were implemented.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more