Japan Q2 GDP Upgraded to 1.4 Percent
Japan revised its second quarter annualized GDP growth up to 1.4 percent following a smaller decline in business spending. The steady economic expansion keeps the central bank on track for potential rate hikes.
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Japan expanded at an annualised 1.4% rate in the second quarter, exceeding initial estimates due to firmer business spending, revised data showed on Tuesday morning. The reading surpassed the preliminary 1.1% growth figure, though it fell short of the 1.6% median forecast by economists. The revised data keeps the Bank of Japan on track for further policy tightening.
