News Summary

• Japan's economy grew at a slower-than-expected pace in April-June, government data showed.
• Lacklustre household spending and business investment partly offset the impact of strong exports.
• Gross domestic product rose 1.1 per cent in annualised terms, missing a median market estimate of 2.0 per cent growth in a Reuters poll.
• The reading translates into a quarterly rise of 0.3 per cent, compared with the median estimate of a 0.5 per cent increase in the previous quarter.