Japan's April-June GDP Revised to 2.2%

TOKYO, Sep 08 (News On Japan) - The Cabinet Office announced on September 8th that Japan’s GDP for the April-June quarter was revised upward, reflecting stronger consumer spending. Real GDP, which excludes the impact of inflation, rose 0.5% from the previous quarter, equivalent to an annualized increase of 2.2%.

This was a sharp upward revision from the preliminary estimate of 1.0% released in August.

By component, personal consumption, which accounts for more than half of GDP, was revised higher, underscoring resilient demand despite rising prices. In contrast, corporate capital investment was adjusted downward to a 0.6% increase, compared with the initial figure of 1.3%.

Source: テレ東BIZ

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