Japan’s growth to slow down

Economic data out today in Japan is expected to show that the pace of the country’s growth eased in the second quarter of the year, as a stronger yen weighed on exports. Japanese exports buoyed the economy by 1.2 per cent in the first quarter, though the latest figures for June showed that the growth in the country’s exports slowed. The yen rose to a 15-year high against the dollar last week.