Japan’s economy expanded faster than initially estimated in the April-June quarter, helped by a smaller-than-expected decline in business investment, revised government data showed on Tuesday, according to a report by Reuters.
According to data from Japan’s Cabinet Office, gross domestic product (GDP) grew at an annualised 1.4% in the second quarter, up from the preliminary estimate of 1.1%. However, the reading fell short of the 1.6% median forecast in a Reuters poll of economists.
