Japan’s economy expanded at a much faster clip than forecast, propelled by robust exports in a sign that the recovery remains well on track.

Gross domestic product grew at an annualized pace of 6% in the second quarter, marking the strongest growth since the last quarter of 2020, Cabinet Office data showed Tuesday. The figure exceeded economists’ forecast of 2.9% growth. Net exports contributed 1.8 percentage points to the expansion versus consensus estimates of 0.9 point.

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Japan’s Economy Expands More Than Expected on Export Gains