The Japanese economy grew at an annual rate of 2.2% during the second quarter 15-8-2022

Data from the Japanese government office released today, Monday, showed that Japan’s gross domestic product (GDP) during the second quarter of this year grew by 2.2% annually.

Analysts had expected Japan’s economy to grow by 2.5% in the second quarter after contracting by 0.5% in the first quarter according to revised data and 1% according to preliminary data.

On a quarterly basis, Japan’s economy grew by 0.5% during the second quarter, which was also lower than expectations, which was 0.6% after contracting by 0.1% during the first quarter compared to the fourth quarter of last year, according to the revised data, while the deflation rate was According to preliminary data, 0.2% of GDP.

And investment spending in Japan increased during the second quarter by 1.4% compared to the first quarter, while analysts had expected it to increase by 0.9% after contracting by 0.7% during the first quarter.

Consumer spending in Japan increased during the second quarter at a rate of 1.1% compared to the first quarter, while analysts had expected it to increase by 1.3% after a quarterly growth of 0.1% during the first quarter.