Japan's Q2 GDP misses forecasts

Japan's economy grew at an annualized rate of 1.1% in the April-June quarter, missing forecasts as private consumption stayed flat and exports declined.

The weak data gives the Bank of Japan pause for thought on its rate-hike path.

Consumers are holding back as corporations retreat, with capital spending also sagging.

The yen's weakness is fueling inflation concerns, pushing 10-year bond yields to three-decade highs.