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© Reuters. FILE PHOTO: A worker cycles near a factory at the Keihin industrial zone in Kawasaki, Japan February 17, 2016. REUTERS/Toru Hanai/File Photo
TOKYO (Reuters) – Japan’s economy expanded an annualized 2.2% in the April-June period to mark the third straight quarter of expansion on solid private consumption, government data showed on Monday.
The increase in gross domestic product (GDP) was slower than a median market forecast for a 2.5% expansion. It translated into quarterly growth of 0.5% against market forecasts for a 0.6% rise.
Private consumption rose 1.1% in the April-June period from the previous quarter, compared with a median market forecast for a 1.3% increase, the data showed.
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