BoJ Rate Hike Plans Hit by Japan's Slowing Economy

Japan's economy grew just 0.3% in the April-June quarter, down from 0.5% in the previous three months and short of the 0.5% forecast.

The weaker-than-expected reading came after capital expenditure fell and missed market expectations, while private consumption was flat against forecasts that it would grow.

The slower growth complicates the Bank of Japan's (BoJ) efforts to raise interest rates as it contends with a weaker yen.