Japan’s Economy Grew Faster Than Initially Anticipated in Q2 on Improved Business Spending

puzzle of the words "growth, economy" against the background of the Japanese flag

Japan’s economy expanded at an annualized pace of 1.9% in the second quarter, beating the average median forecast for a 1.6% gain and the initial estimate of 1.3% expansion.

Source: Cabinet Office


Nikkei 225 up +0.89%, JPY USD up +0.04%

The upward revision was caused by better business spending than initially expected, as a rapid global economic recovery pushed up capital expenditure and factory output.

The capital expenditure element of GDP grew 2.3% in the second quarter from January-March, more extensively than the average forecast for 2.0% growth and preliminary 1.7% gain.

Japan’s revised figure for the gross domestic product (GDP) was released by the Cabinet Office on Wednesday compared with economists’ average forecast for a 1.6% annualized growth in a recent Reuters poll.

On a quarter-on-quarter basis, Japan’s GDP grew 0.5% in the second quarter, also better than the initial reading of 0.3% and compared with an average forecast for a 0.4% jump.

Japan’s economic recovery remains frail due to the slow Covid-19 vaccinations and aJapan’s economics pandemic restrictions hurt private-sector activity.


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