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MNI DATA BRIEF: Japan GDP Posts First Expansion In 2 Quarters

(MNI) Tokyo
TOKYO (MNI)

Japan's economy posted the first expansion in two quarters for the April-June period in the wake of the rebounds in capital investment and private consumption from a weak Q1, preliminary GDP data released by the Cabinet Office on Monday showed.

Second quarter calendar year GDP rose 0.3% q/q, or an annualized +1.3% following a revised -0.9% q/q, or an annualized revised -3.7% for the first quarter. The Q2 growth was largely in line with the MNI median forecast.

Private consumption, which accounts for about 60% of Japan's GDP, rose 0.8% q/q in Q1, after a revised 1.0% fall in Q1. Business investment rose 1.7% q/q in Q2, the first rise in two quarters following revised -1.3% in Q1.

MNI Tokyo Bureau | +81 90-2175-0040 | hiroshi.inoue@marketnews.com
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MNI Tokyo Bureau | +81 90-2175-0040 | hiroshi.inoue@marketnews.com
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