Japan Revises Q2 GDP Growth Up to 1.4% as Capital Spending Weakness Eases
Updated
Updated · Forex Factory · Sep 7
Japan Revises Q2 GDP Growth Up to 1.4% as Capital Spending Weakness Eases
3 articles · Updated · Forex Factory · Sep 7
Summary
Japan’s economy expanded an annualised 1.4% in April-June, revised up from the initial estimate in the Cabinet Office’s second preliminary GDP data released Tuesday.
Capital expenditures drove the upgrade, with business investment proving less weak than first estimated and giving broader output a stronger lift.
The revision points to firmer momentum in the second quarter than initially thought, offering a more resilient picture of Japan’s economy heading into the second half.