Japan's economy rebounded more than expected in the second quarter after slumping in the first three months of this year, data showed Monday, a sign that consumption and capital expenditure were recovering from the coronavirus pandemic's initial hit.
But many analysts expect growth to remain modest in the current quarter as state of emergency curbs reimposed to combat a spike in infections weigh on household spending.
The world's third-largest economy grew an annualized 1.3% in April-June after a revised 3.7% slump in the first quarter, preliminary gross domestic product data showed, beating a median market forecast for a 0.7% gain.