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Economy

Japan Q2 GDP up annualized 2.2%, exceeding pre-COVID level

Eased virus curbs spur consumption but pandemic, other headwinds persist

Shoppers walk through Tokyo's Ameyoko district in May, after the country eased some of its COVID-19 containment measures.

TOKYO -- Japan's economy expanded at an annualized pace of 2.2% in the April-June quarter, from the previous term, after measures to fight COVID-19 were relaxed.

Preliminary figures released by the Cabinet Office on Monday show that seasonally adjusted real gross domestic product for the second quarter grew 0.5% on the quarter, which translates into the annualized growth rate of 2.2%.

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