TOKYO: Japan's economic growth slowed to an annualized 0.8% during the April-June period, according to a preliminary report from the Cabinet Office. GDP grew by 0.2% in real terms, down from 0.7% in the previous quarter.
The slowdown was attributed mainly to weak private residential investment and public investment, such as public works projects, which fell by 2.7% and 4.6% percent, respectively.
Exports rose by a scant 0.9%, while imports expanded 1.8%.
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