Global market: Japan Q2 GDP misses estimates, but BOJ rate hike bets remain intact
· economictimes.indiatimes.com
Japans second-quarter economic growth missed expectations as weaker household consumption and business investment offset resilient exports. Despite the softer GDP reading, economists expect the Bank of Japan to retain the option of another rate hike, although persistent weakness in domestic demand could encourage a more cautious approach.
Consumption weighs on growth
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Business investment falls
Exports provide support
BOJ rate hike expectations remain
Outlook turns more cautious
...