TOKYO (Reuters) – Japan’s economy expanded an annualised 2.2% in the April-June period from the previous quarter, much faster than the preliminary reading, anchored by upward revision in consumption, government data showed on Monday.
The revised gross domestic product (GDP) reading released by the Cabinet Office compared with economists’ median forecast and the initial reading of 1.0% growth.
On a quarter-on-quarter basis, GDP grew 0.5%, compared with a median forecast and the initial estimate of a 0.3% rise.
While the figures show brisk growth in the world’s fourth-largest economy, growing political uncertainty could complicate policymaking in the months ahead after Prime Minister Shigeru Ishiba resigned on Sunday.
The focus will now turn to July-September GDP figures to gauge how far