Japan’s economy rebounds in Q2

Slow growth: Vehicles wait to be exported at a port in Kawasaki, near Tokyo. Japan’s exports rose 2.9% in April-June from the previous quarter in a sign the global recovery continued to underpin the world’s third-largest economy. — AP

TOKYO: Japan’s economy rebounded more than expected in the second quarter after slumping in the first three months of this year, data showed, a sign consumption and capital expenditure were recovering from the coronavirus pandemic’s initial hit.

But many analysts expect growth to remain modest in the current quarter as state of emergency curbs reimposed to combat a spike in infections weigh on household spending.