Japan Q2 GDP growth revised up to 1.4% annualized
Japan’s economy expanded 1.4% annualized in Q2, per the Cabinet Office second estimate. The upgrade was largely driven by an upward revision to business investment.
TOKYO (dpa-AFX) - Japan's economy expanded more than initially estimated in the second quarter, according to the Cabinet Office's second estimate released Tuesday, with the revision mainly reflecting stronger business investment. Gross domestic product rose 1.4 percent on an annualized basis in the second quarter.