Japan growth slows as exports struggle
- Published: 13 Aug 2012 at 11.48
- Online news: World
Growth in export-driven Japan slowed in the three months to June, official data showed on Monday, with the debt crisis in Europe and the unsteady global economy crimping demand.
This file photo shows Toyota's compact hybrid vechiles "AQUA" at the Kanto Auto Works' Iwate plant at the Kanegasaki town in Iwate prefecture, about 500 km north of Tokyo, in March. The government has taken a series of steps to spur growth, including offering incentives for fuel-efficient vehicle purchases and measures to rebuild the northern region.
Gross domestic product grew a worse-than-expected 0.3 percent in the second quarter from the previous three months, the Cabinet Office said, a fourth straight rise but much slower than the brisk 1.3 percent seen in January-March.
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