Japan’s economy rebounds in Q2, COVID clouds outlook

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A shopper wearing a protective mask pushes a shopping cart at Japan’s supermarket group Aeon’s shopping mall as the mall reopens amid the coronavirus disease (COVID-19) outbreak in Chiba, Japan May 28, 2020. REUTERS/Kim Kyung-Hoon/File Photo

  • Q2 GDP grows faster than expected
  • Capex, consumption rebound from Q1 slump
  • Data suggests impact of curbs decreasing
  • New curbs, spike in infections cloud recovery outlook

TOKYO, Aug 16 (Reuters) – Japan’s economy rebounded more than expected in the second quarter after slumping in the first three months of this year, data showed, a sign 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 annualised 1.3% in April-June after a revised 3.7% slump in the first quarter,…

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