The Japanese economy is expected to grow 3.5% year-on-year in the second quarter, higher than the previous official expectation in August.
According to the Cabinet Office’s official forecast, the country’s gross domestic product (GDP) rose by 0.9% in the second quarter versus in the previous three months.
The earlier projection had been 2.2% for annual growth and 0.5% quarterly.
Market expectations were around 2.9% for the country’s GDP growth rate in the second quarter.
Source: Anadolu Agency