Japan's Q2 GDP revised up to annualised 1.9per cent growth

TOKYO : Japan's economy grew an annualised clip of 1.9per cent in the second quarter, better than the initial estimate of a 1.3per cent gain, revised government data showed, confirming a gradual recovery from the COVID-induced slump.

The revised figure for gross domestic product released by the Cabinet Office on Wednesday compared with economists' median forecast for a 1.6per cent annualised growth in a Reuters poll. On a quarter-on-quarter basis GDP expanded 0.5per cent in the April-June quarter, also better than the initial reading of 0.3per cent and compared with a median forecast for a 0.4per cent rise.For the full tables on the Cabinet Office's website: https://www.esri.cao.go.jp/en/sna/sokuhou/sokuhou_top.html

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