Japan confirms Q2 GDP to be 2.2% despite US tariffs, hours after PM resigns
Japan confirms Q2 GDP to be 2.2% despite US tariffs, hours after PM resigns
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Japan's economy saw a 2.2% annualized GDP growth from April to June, driven by strong consumer spending despite concerns over US tariffs and political uncertainty. Prime Minister Shigeru Ishiba announced his resignation amid calls for accountability after a parliamentary defeat, which may impact market stability. Stock markets reacted positively, with Japan's Nikkei 225 rising 1.4%.
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