Japan GDP in April-June revised up to 1.4% on narrower investment decline
TOKYO (Kyodo) -- Japan's economy expanded an annualized real 1.4 percent in the April-June quarter, revised up from a 1.1 percent increase in the prel
Japan's economy grew at an annualized rate of 1.4% in the April-June quarter, up from an earlier estimate of 1.1%, according to revised government data released Tuesday. The real gross domestic product, which accounts for inflation, increased by 0.4% from the previous quarter, compared to a preliminary estimate of a 0.3% rise. Capital spending fell by 0.9% in the three months ending June, revised up from a 1.2% decline, while public investment dropped to a 0.5% decrease from a 0.1% decline.
Private consumption, which makes up more than half of GDP, rose by 0.01%, revised up from a 0.02% drop. Exports increased by 0.4% from the previous quarter, revised down from a 0.5% rise, while imports fell by 1.7% from a 1.5% decline. Nominal GDP expanded at an annualized rate of 5.5%, revised up from a 4.8% gain reported earlier.
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