labels: economy - general
Japan second quarter GDP growth fallsnews
14 August 2007

Mumbai: Japan's gross domestic product (GDP) grew 0.1 per cent for the April-June quarter, slightly below market expectations, the government said.

Growth in private consumption slowed and exports lost momentum due in part to a cooling off in U.S. growth, the government data showed.

This reinforces a growing expectation that a shakeout in global markets will prompt the central bank to rethink a rate hike this month.

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Japan second quarter GDP growth falls