There "remains a high degree of uncertainty about the global economy"
- Bank of Japan
Japan's economy expanded by 0.3 per cent from the previous quarter or at annualised rate of 1.4 per cent in the second quarter, said the Japan's Cabinet Office on Monday. Annualised growth fell well short of economists' forecasts of 2.3 per cent growth rate.
"Japan's economic activity has started picking up moderately as domestic demand remains firm mainly supported by reconstruction-related demand," said the bank of Japan in a report last week.
There "remains a high degree of uncertainty about the global economy," it added.
The Nikkei 225 Stock Average declined 0.07 per cent, or 6.29 points, to 8,885.15. The broader Topix Index gained 0.02 per cent, or 0.16, to 746.95.
"The GDP was much lower than expected, fueling negative sentiment. That's also driving expectations the Bank of Japan may add monetary easing, which is bolstering markets."
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