Japan's economy expanded 0.4 percent in the April-June quarter from the previous quarter, sharply slowing on lackluster corporate investment and consumer spending, Cabinet Office data showed Friday.
The gross domestic product, or the value of goods and services produced domestically, grew at an annualized rate of 1.7 percent. It was a sharp drop from a revised growth of 6.6 percent in the January-March period and 7.4 percent growth in the October-December quarter.
The real GDP, adjusted for price changes, grew for the fifth straight month as prices continued to fall. But the nominal GDP shrank 0.3 percent in the first contraction in five quarters.