Japan’s economic growth fizzles out in second quarter
Japan’s economy stagnated in the second quarter, data showed on Monday, falling below expectations and rekindling worries about the government’s faltering bid to stoke a recovery. Weak figures on August 15 come as Japanese officials face growing pressure to deliver and economists increasingly write off Prime Minister Shinzo Abe’s stumbling efforts to drive a recovery, dubbed Abenomics. Recent government figures have done little to soothe those worries. Inflation dropped for a fourth straight month in June, delivering a fresh blow to Abe’s war on deflation.
