Japan’s economy is growing, but political uncertainty is among the risks

AP Business Writer

TOKYO (AP) — Japan’s economy grew at an annual rate of 2.9%, slower than the earlier report for 3.1% growth, in the April-June period, boosted by better wages and spending. That shows clear risks remain, including U.S. economic growth, which greatly affects export-reliant Japan. Political uncertainty in Japan is another risk as the ruling party picks a new leader. The revised data from the Cabinet Office on Monday still showed Japan’s economy rebounded in the fiscal first quarter.