Japan’s economy expanded for the third straight quarter in the three months to June, yet the pace of growth was slower than experts had expected, a result that is likely to deepen an already contentious debate about whether to raise the national sales tax.
Gross domestic product expanded at an annualised rate of 2.6 per cent, a preliminary government estimate showed on Monday.
That was more than twice as fast as Japan’s average over the last decade, but it was less robust than the previous quarter and a full percentage point slower than the average forecast of economists surveyed by news agencies.
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