(Cabinet Office) Japan’s gross domestic product grew at an annual rate of 1.9% in the second quarter, a higher estimate than the previous 1.3% increase.
The revised growth estimate is above analysts’ forecast of 1.6% and reflects a gradual recovery from the Covid-19 pandemic by the Asian country.
On a quarter-over-quarter term, Japan’s growth was 0.5% in the April-June quarter, better than the previous 0.3% forecast and economists’ expected rise of 0.4%.
Nikkei 225 is up +0.89%, USDJPY is down -0.01%.
