Japan Q2 GDP growth revised down to 0.7% on year; 0.2% on quarter

10 September 2012 04:37  [Source: ICIS news]

SINGAPORE (ICIS)--The Japanese economy grew at a slower annual pace of 0.7% in the second quarter, half the initial estimate of 1.4%, with quarter-on-quarter expansion revised down to 0.2% from 0.3%, official data showed on Monday.

Estimates on quarter-on-quarter growth of private and public demand were cut to 0.2% for the April-June 2012, from 0.4% in the first estimate of Japan’s Cabinet Office.


By: Pearl Bantillo
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