Japan GDP Growth Revised Up to 0.2% in Q2


The Japanese economy expanded 0.2 percent on quarter in the June quarter of 2016, compared to an initial estimate of a stagnation, mainly boosted by private consumption and public investment while capital expenditure fell much less than expected, final figures showed.

In the second quarter, domestic demand grew 0.4 percent, higher than a preliminary reading of 0.3 percent, contributing 0.4 percentage points to growth.

Private consumption went up 0.2 percent, in line with an initial estimate, adding 0.1 percentage points to growth. Private residential investment grew by 5.0 percent, matching an earlier reading and adding 0.1 percentage points to growth. Private non-residential investment (capital expenditure) shrank 0.1 percent, compared to a preliminary figure of a 0.4 percent contraction. Inventories made no contribution to growth.

Public investment rose 2.6 percent, faster than an earlier projection of a 2.3 percent expansion, adding 0.1 percentage points to growth. Government spending rose 0.1 percent, lower than a preliminary estimate of a 0.1 percent increase and made no contribution to growth. 

External demand substracted 0.3 percentage points off GDP: exports fell 1.5 percent ( in line with a preliminary estimate) while imports remained unchanged (-0.1 percent in an earlier reading).

On an annualized basis, the economy advanced 0.7 percent, compared to an earlier figure of a 0.2 percent expansion.

Japan GDP Growth Revised Up to 0.2% in Q2


Cabinet Office l Rida Husna | rida@tradingeconomics.com
9/8/2016 11:53:17 AM