Japanese economy posts longest expansion in more than a decade

Good news for Shinzo Abe as consumer spending and capital investment ahead of the Tokyo Olympics fuels growth

Japan's economy expanded at the fastest pace for more than two years in the three months to June, with domestic spending accelerating as the country prepares for the 2020 Toyko Olympics and low levels of unemployment encouraged businesses to invest.

The world's third largest economy recorded an expansion in second-quarter gross domestic product at an annualised rate of 4%, according to figures from the cabinet office on Monday, making the country the fastest-growing of the G7 wealthy nations.

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Japan GDP Surges 4%, Most In Two Years, On Jump In Government Stimulus Spending https://t.co/eoZHSr2LhK