Japan economy up 1.1% in April-June on subsidies, private consumption weak

Japan's economy grew an annualized real 1.1 percent in the April-June period for a third straight quarterly expansion, helped by government spending to tackle rising prices, the Cabinet Office said Monday, although slower-than-expected private consumption cast a shadow over the outlook.

In the first full quarter to include the impact of the Iran war, which has raised energy prices, gross domestic product adjusted for inflation increased 0.3 percent from the January-March period. Private consumption edged down 0.02 percent for the first fall in eight quarters, highlighting fragile domestic demand.