Japan's economic growth slows in Q2

Japan's GDP grew by 0.3% in the second quarter of the year, down from 1% in Q1, as the eurozone crisis hurt exports and domestic consumption remained subdued.

Compared with the same period last year, Japan's economy grew by 1.4%, the BBC reports. However, analysts warned Japan's growth may slow further in the coming months amid an uncertain global economic climate. The latest data showed a dip in external demand took 0.1 percentage points from Japan's GDP in Q2, as a strong yen made the situation even more difficult for exporters. Meanwhile, household spending and private consumption both rose just 0.1% during the period, down from a 1.2% expansion in Q1. Analysts said the slowdown in demand puts pressure on policymakers to introduc...