TOKYO — Japan officially emerged from the recession in the second quarter, according to official government data released Monday, but market watchers remain cautious on their outlook for the world’s second largest economy.
Japan’s gross domestic product increased 0.9 percent in the April to June period from the previous quarter, expanding at an annualized rate of 3.7 percent and growing for the first time in five quarters, the country’s Cabinet Office said. The figure came in slightly lower than economists’ expectations for 1 percent quarterly growth and 3.9 percent annualized growth. Last week, data from France and Germany showed that both of those countries have also emerged from recession, defined as two consecutive quarters of economic contraction.
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