The Japanese economy has recorded a growth of 2.6 per cent during the second quarter of the financial year following bold stimulus efforts from the government and the country's central bank in recent months.

The slowing growth has raised doubts over the ambitious stimulus plans of the government of the Japan under the leadership of Prime Minister Shinzo Abe. The growth rate of 2.6 per cent is much lower than 3.6 per cent expected by analysts for the country. The government also said that the growth rate for the first quarter of the financial year was 3.8 per cent and not 4.1 per cent as reported earlier.

Japanese Prime Minister Shinzo Abe has been working to boost the world's third largest economy by bold stimulus package. Abe is working to ensure that the investor sentiment remains intact in the face of weak global economic environment and volatility in the Japanese stock markets. He is aiming to restore annual private investment to the 70 trillion yen in the Japanese economy through bold steps from the government to support recovery in the country.

IMF is expecting the Japanese economy to grow at 1.6 per cent this year. It also said that controlling the country's national debt, which is now the highest among the developed nations and planned doubling of the nation's sales tax to 10 per cent by 2015 are crucial for the country's financial recovery.

Japan's benchmark Nikkei index more than 1 per cent after the Cabinet Office announced the second quarter figures on Monday.