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MNI BRIEF: Japan Q2 GDP To Be Revised Down On Weaker Capex

(MNI) Tokyo
(MNI) TOKYO

Japan's economy over Q2 likely grew at a slower pace than initially forecasted as capital investment is expected to be revised down from initial estimates, economists predicted following a key government survey.

The median forecast by six economists for revised Q2 GDP was 1.3% q/q, or an annualised 5.5%, compared with the preliminary estimate of 1.5% q/q, or an annualised 6.0%.

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Japan's economy over Q2 likely grew at a slower pace than initially forecasted as capital investment is expected to be revised down from initial estimates, economists predicted following a key government survey.

The median forecast by six economists for revised Q2 GDP was 1.3% q/q, or an annualised 5.5%, compared with the preliminary estimate of 1.5% q/q, or an annualised 6.0%.

Keep reading...Show less