The Japanese economy posted only modest growth in the second quarter,
placing more pressure on the Bank of Japan (BOJ) to enact new policies
to stimulus growth.
Japan’s gross domestic product (GDP) advanced 0.2% in the April-June
period, up from a preliminary estimate of zero, the Cabinet Office
confirmed in a revised estimate on Thursday. A median estimate of
economists forecast no change from the initial estimate.
Compared to the second quarter of 2015, GDP expanded 0.7%.
An extra leap year day in February helped the economy expand 0.5% in the
first quarter, which was much higher than forecasts.
