Japan's GDP grows 3.1% in April-June as consumption rebounds

Japan's economy grew at an inflation-adjusted annual rate of 3.1 percent in the April-June quarter, boosted by a recovery in private consumption and capital spending as the negative impact of a safety data scandal in the auto sector eased, government data showed Thursday.Real gross domestic product marked the first increase in two quarters, rebounding from a sharp contraction in the first three months of 2024. On a nominal basis, Japan's GDP topped 600 trillion yen ($4 trillion) for the first time, amid persisting inflation caused by a weakening yen.The stronger-than-expected GDP data is se…READ FULL ARTICLE