News > Japan's economy grows for second straight quarter on back of consumer spending

Japan's economy grows for second straight quarter on back of consumer spending

Japan’s economy eked out an annual rate of 0.9% growth in the July-September period as consumer spending held up, government data showed. The world’s fourth-largest economy grew 0.2% in the fiscal second quarter, following 0.5% growth in April-June. Domestic demand grew at an annualised rate of 2.5%. Private consumption, which makes up more than half of Japan’s GDP, grew 3.6% on the back of healthy household consumption.