Japan's economy expanded at an annual rate of 1.9% in the April-June quarter, faster than initially estimated, confirming a gradual recovery
Revised gross domestic product data by the Cabinet Office released on Wednesday showed the economy grew an annualised 1.9% in April-June, beating economists' median forecast for a 1.6% gain and the initial estimate of a 1.3% expansion.
Still, Japan's economic recovery remains fragile due to slow COVID-19 vaccinations and as pandemic restrictions hamper private-sector activity. The second-quarter GDP growth figures translated into a quarter-on-quarter expansion of 0.5% in price-adjusted terms, better than an initial reading of a 0.3% growth and the median estimate for a 0.4% gain.
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