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Japan's Aso: second-quarter GDP mainly driven by brisk housing investment

Reuters

TOKYO (Reuters) - Japanese Finance Minister Taro Aso said on Tuesday that strong housing investment was the main driver of economic growth in the second quarter, while capital spending also contributed to growth.

Speaking after a cabinet meeting, Aso also told reporters that capital expenditure could grow further as machinery orders remain at high levels.

The government said on Monday second-quarter gross domestic product (GDP) expanded at the fastest pace in more than two years as consumer and company spending picked up.

(Reporting by Tetsushi Kajimoto; Editing by Chang-Ran Kim)