Japan’s economy likely grew an annualized 3.6 percent in April-June to mark a third straight quarter of expansion, a Reuters poll showed, adding to growing signs the positive effect of premier Shinzo Abe’s reflationary policies is spreading.
The reading will give the government justification to go ahead with a planned sales tax hike next year, although the decision will take longer and involve many other factors given its political sensitivity, analysts say.
While growth will slow from 4.1 percent seen in the first quarter, it will be broad-based with a pickup in exports and capital expenditure adding to the strength in personal consumption, they say.
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