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MNI: Japan Revised Q2 GDP Seen Stronger, But Q3 Concerns

(MNI) Tokyo
(MNI) TOKYO
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Japan's economy likely expanded at a better pace than initially reported, economists predict ahead of revised data due for release on Thursday. Second quarter growth is expected to be revised to +0.7% q/q from the preliminary +0.5%, or an annualized +2.9%, compared to +2.2%.

Capital investment is likely to be revised to +2.0% on quarter from the initial reading of +1.4%. Net exports of goods and services -- exports minus imports -- are seen adding a small positive contribution to the total domestic output, largely in line with initial estimates.

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Japan's economy likely expanded at a better pace than initially reported, economists predict ahead of revised data due for release on Thursday. Second quarter growth is expected to be revised to +0.7% q/q from the preliminary +0.5%, or an annualized +2.9%, compared to +2.2%.

Capital investment is likely to be revised to +2.0% on quarter from the initial reading of +1.4%. Net exports of goods and services -- exports minus imports -- are seen adding a small positive contribution to the total domestic output, largely in line with initial estimates.

Keep reading...Show less