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Japan's economy rebounds on brisk spending but trade rifts cloud outlook

Reuters  |  TOKYO 

By Stanley White and Leika KiharaTOKYO (Reuters) - Japan's economy grew more than expected in the second quarter, helped by strong household and business spending and recovering from an earlier contraction, but global trade tensions loom as major risks to the export and investment outlook.The rebound in consumer spending is a welcome development for the Bank of Japan but unlikely to be enough to change its stance that interest rates need to stay low for a very long time to end the country's deflationary mindset.While analysts expect the economy to sustain a recovery, some expect escalating ...

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First Published: Fri, August 10 2018. 09:43 IST