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Japan’s Economy Grew Faster Than Earlier Estimate
Japan's gross domestic product expanded at a 4.1% annual rate in the January-March period compared with the preliminary estimate of 3.5%, according to the country's Cabinet Office.
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Japan's gross domestic product expanded at a 4.1% annual rate in the January-March period compared with the preliminary estimate of 3.5%, according to the country's Cabinet Office.
The improvement was partly caused by an upward revision in estimates of corporate capital spending. The country's export business also has been rising as the yen weakens, making Japan-made goods less expensive overseas.
The Bank of Japan says it won't launch new stimulus measures because the economy is "picking up." Bank lending, which has been sluggish for years, increased 1.8% in May.
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