The Japanese economy grew 1.9 percent on an annualized basis in the second quarter of 2021, compared with the preliminary estimate of a 1.3 percent expansion and beating market consensus of 1.6 percent. Household consumption, business investment, and government spending all rebounded, amid a recovery in the economy from the coronavirus disruption as virus vaccinations accelerated. In the meantime, net trade contributed negatively to the GDP as imports rose more than exports.