Japan's Economy Surges with 3.1% Growth in Q2

Strong consumer spending and business investments drive significant economic rebound, exceeding expectations.

Japan's GDP grew 0.8% in Q2, translating to an annualized rate of 3.1%.
Consumer spending and private sector investments were key growth drivers.
Exports saw a substantial increase of 5.9%, contributing to the rebound.
The Bank of Japan's cautious interest rate hikes follow recent market volatility.
Political uncertainty looms as Prime Minister Kishida announces he won't seek reelection.