Japan’s GDP expands 0.5% QoQ in Q2

Japan’s economy rebounded firmly by 0.5% in the second quarter after contracting 0.1% in the first, with economists forecasting quarterly growth of 0.6%.

On an annualized basis, the world’s third-largest economy grew 2.2% against 2.5% expected and a -0.5% contraction recorded in the previous quarter.

The country’s GDP deflator arrived at -0.4% YoY in Q2 vs. -0.2% expected and -0.5% prior.