Japan’s Economy Keeps Growing, But Weak Spending Could Vex BOJ - WSJ
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- Japan's Q2 GDP grew 1.1% on an annualized basis, per CNBC, falling short of analyst expectations.
- Reuters attributes the miss to weaker spending and investment, while the WSJ and Inve headlines flag that capex and private consumption both lost momentum.
Why it matters: The headline growth figure of 1.1% annualized is positive, but the specific components driving the miss — private consumption and capex — are exactly the demand signals the Bank of Japan watches to gauge the durability of recovery, making the mixed reading more vexing than the top-line number suggests.
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