Economic news

Japan's economy rises at fastest rate in two years

Japan's economy rose in the second quarter at the fastest rate in more than two years as consumer spending and investment both climbed at the fastest in years, while firm domestic demand made Japan the fastest-growing economy in the G-7.

GDP expanded by an annualized rate of 4 percent in April-June - the biggest increase since January-March 2015, according to the government reports. The economy expanded 1% compared to the previous quarter.

Private consumption jumped 0.9% as customers spent more money on big purchases such as cars and home appliances.

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