Japan’s Q2 growth stronger than estimated

tokyo-business-district

Japan’s economy in the April-June quarter expanded more than initially estimated, revised data showed Monday, offering another boost for Tokyo’s bid to reverse years of tepid growth.

The Cabinet Office put second-quarter growth at 0.9 percent from the previous quarter, up from a preliminary reading of a 0.6 percent expansion.

The government also boosted the annualised growth figure to 3.8 percent from the first estimate of 2.6 percent. Annualised figures show the rate of growth if the data was stretched across an entire year.

The upward revision came as the government considers whether to go ahead with a planned sales tax hike that many fear could derail a budding recovery in the world’s number-three economy.

Last week, the Bank of Japan upgraded its assessment of the long-lumbering economy, saying a recovery was firmly under way.

 

 

Source : The Straits Times | September 9, 2013

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About thomasdinnocenzi

Thomas D’Innocenzi is a highly accomplished, results-focused international consultant with extensive experience in global sourcing and business development worldwide to meet evolving business needs. Tom has proven ability in implementing and managing profitable global marketing and sourcing operations. He has extensive experience in international business development to accommodate rapid growth. Skilled in building top-performing teams, bench-marking performance, and developing organizations to improve efficiency, productivity, and profitability. Experienced transition leader and change agent. Tom founded Nova Advisors with the mission of providing expert Global Business Development consulting services for companies seeking to expand their market share as an independent consultant. Tom has a network of experts and advisors throughout the Asia-Pacific region and North America. His expertise includes business development, global sourcing, manufacturing, commodities, logistics, QA/QC, FDA, regulatory compliance, sustainability, and supply chain optimization. Tom is experienced in the medical device, apparel, consumer goods and technology services verticals helping companies advance their global sourcing capabilities and develop new markets through a local and sustained approach. Located in SE Asia and the United States, Tom expands market reach to drive sales. His global sourcing strategy includes directly negotiating with commodity suppliers, supply chain networks and distributors for optimal terms based on his expertise and first-hand knowledge of the players. Contact Tom to use his consulting service to increase your global market and make global sourcing profitable for you in the Asia Pacific Region and the United States. http://www.NovaAdvisors.com thomas@NovaAdvisors.com USA Direct: +1.904.479.3600 SINGAPORE: +65.6818.6396 THAILAND: +662.207.9269
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