Japan Q2 GDP Revised Up to 0.2%

14 September 2016, 18:03
Eko Rediantoro
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The Japanese economy posted only modest growth in the second quarter, placing more pressure on the Bank of Japan (BOJ) to enact new policies to stimulus growth. Japan’s gross domestic product (GDP) advanced 0.2% in the April-June period, up from a preliminary estimate of zero, the Cabinet Office confirmed in a revised estimate on Thursday. A median estimate of economists forecast no change from the initial estimate. Compared to the second quarter of 2015, GDP expanded 0.7%. An extra leap year day in February helped the economy expand 0.5% in the first quarter, which was much higher than forecasts.