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Japan's economic growth weaker than forecast
http://www.bbc.com/news/business-37080852Japan's economic growth weaker than forecast
43 minutes ago
From the section Business
Japan's economy grew at a weaker-than-expected rate in the second quarter despite an aggressive spending policy by the government. Gross domestic product grew at an annualised rate of 0.2% in the three months to June, below market forecasts for 0.7% and a marked slowdown from the 2% rate in the first quarter.
The figures come after the government launched a massive new stimulus package worth 28 trillion yen ($265bn; £200bn).
Japanese stocks fell after the data. The benchmark Nikkei 225 share index dropped 0.3% while the broader Topix fell 0.5% on concerns that Asia's second-largest economy will continue to struggle.
On top of Prime Minister Shinzo Abe's fiscal stimulus, Japan's central bank is running negative interest rates and an unprecedented asset-purchase programme.
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