The daily business briefing: August 15, 2016

Japan's economy stalls, SpaceX successfully lands a Falcon 9 rocket at sea, and more

SpaceX Falcon 9 rocket launches from Florida
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1. Japan's economy sputters despite stimulus efforts

Japan's economic growth stalled in the April-June quarter as exports and business investment faltered, according to government data released Monday. The world's third largest economy grew by just 0.2 percent in the quarter, falling far short of expectations. Economists had forecast growth similar to the rate in the first quarter, 0.8 percent. The latest data adds pressure on the Bank of Japan, which recently announced a modest increase to its asset purchases, to do more to stimulate the economy. Prime Minister Shinzo Abe has proposed spending $267 billion to encourage consumer and business spending.

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