Japan’s Economy Grows Faster Than Estimated on Investment Gains
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Women eat Kakigori shaved ice dessert in the Chinatown area in Kobe, Hyogo Prefecture, Japan, on Wednesday, May 27, 2015. Japan’s retail sales rose less than forecast in April, signaling a weak start to the second quarter for an economy that is still weighed down by last year’s sales-tax increase. Photographer: Buddhika Weerasinghe/Bloomberg
Japan’s economy grew at a faster pace than initially estimated in the first quarter, on a stronger pickup in business investment and inventory buildup.
Gross domestic product expanded an annualized 3.9 percent, more than a preliminary 2.4 percent, according to revised data from the Cabinet Office. The median forecast of 26 economists surveyed by Bloomberg was for 2.8 percent growth…
Japan’s Economy Grows Faster Than Estimated on Investment Gains
