Japan's second-quarter real GDP grew at a rate below market expectations, but positive growth was maintained for the third consecutive quarter, and the economy is reported to have avoided a recession.
Japan's Cabinet Office released its preliminary second-quarter real gross domestic product data on the 17th. The announcement indicated that the growth rate came in below market expectations. No figures comparing the two were provided in the article.
However, the economy secured real growth for the third consecutive quarter during the period, and it was assessed as having avoided a sharp downturn. Readers will need to watch future developments and the release of additional figures.