• Email Us: [email protected]
  • Contact Us: +1 718 874 1545
  • Skip to main content
  • Skip to primary sidebar

Medical Market Report

  • Home
  • All Reports
  • About Us
  • Contact Us

Japan seen upgrading Q2 GDP on stronger business spending: Reuters poll

September 3, 2021 by David Barret Leave a Comment

September 3, 2021

By Kantaro Komiya

TOKYO (Reuters) – Japan’s economy likely grew more than initially reported in the second quarter thanks to stronger business spending, a Reuters poll showed, though a resurgence of coronavirus infections is seen weighing on growth going forward.

Separate data due next week will likely show household spending rebounded in July from a year earlier, in a sign consumer sentiment recovered somewhat before the highly infectious Delta variant spread rapidly in Japan.

Revised gross domestic product (GDP) data is expected to show Japan’s economy grew an annualised 1.6% in April-June, more than a preliminary reading of 1.3% growth, the poll of 19 economists showed.

The stronger figure was in part due to an expected 2.0% rise in capital spending, a larger increase than a preliminary 1.7% gain, analysts projected. The world’s third-largest economy contracted 1.0% in the first quarter.

“The view that Japan’s economy remained stagnant in April-June is unchanged,” said Saisuke Sakai, senior economist at Mizuho Research Institute.

“Dragged down by the state of emergency curbs, the recovery was weak compared to the dip in January-March.”

Household spending likely rose 2.9% year-on-year in July after a 5.1% fall in June, the poll also showed, as the Olympics opened in Tokyo and a flattered comparison to the slump seen a year earlier.

Household spending was seen up a seasonally adjusted 1.1% in July from the previous month, according to the poll.

The government will release the revised second-quarter GDP data at 8:50 a.m. local time on Sept. 8 (2350 GMT on Sept 7), and announce household spending data at 8:30 a.m. on Sept. 7 (2330 GMT, Sept. 6).

Other data releases next week are expected to show the current account balance was in a surplus of 2.3 trillion yen in July, up from 905.1 billion yen in the prior month, analysts said.

(Reporting by Kantaro Komiya; Editing by Daniel Leussink and Sam Holmes)

Source Link Japan seen upgrading Q2 GDP on stronger business spending: Reuters poll

David Barret
David Barret

Related posts:

  1. Duterte daughter says has ‘running mate’ offers for Philippines 2022 election
  2. Futures rise as focus turns to weekly jobless claims
  3. Soccer-Ronaldo beats record as double sees off Ireland
  4. Returning to film, Jane Campion says MeToo was like end of apartheid

Filed Under: News

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

  • Anyone Know What These Marine “Y-Larvae” Grow Into? Because Scientists Have No Clue
  • C/2025 A6 (Lemmon) Closest Earth Approach Is Next Month – Will We See It With The Naked Eye?
  • In 2013, A Volcanic Eruption Wiped Out Life On This Remote Island. Then, Somehow, Plants Reemerged
  • 1-Year-Old Orca Takes Out A Big Fat Seal In This Award-Winning – And Extremely Badass – Photo
  • Saturn And Neptune Will Reach Their Brightest In Days – And Look For Saturn’s Temporary Beauty Spot
  • Reindeer Bring A Gift Greater Than Any Of Santa’s – Hope Of A Stable Climate
  • If Deep-Sea Pressure Can Crush A Human Body, How Do Deep-Sea Creatures Not Implode?
  • Meet Ned: The Lonely Lefty Snail Looking For Love
  • “America Will Lead The Next Giant Leap”: NASA Announces New Milestone In Hunt For Exoplanets
  • What Did Neanderthals Sound Like?
  • One Star System Could Soon Dazzle Us Twice With Nova And Supernova Explosions
  • Unethical Experiments: When Scientists Really Should Have Stopped What They Were Doing Immediately
  • The First Humans Were Hunted By Leopards And Weren’t The Apex Predators We Thought They Were
  • Earth’s Passage Through The Galaxy Might Be Written In Its Rocks
  • What Is An Einstein Cross – And Why Is The Latest One Such A Unique Find?
  • If We Found Life On Mars, What Would That Mean For The Fermi Paradox And The Great Filter?
  • The Longest Living Mammals Are Giants That Live Up To 200 Years In The Icy Arctic
  • Entirely New Virus Detected In Bat Urine, And It’s Only The 4th Of Its Kind Ever Isolated
  • The First Ever Full Asteroid History: From Its Doomed Discovery To Collecting Its Meteorites
  • World’s Oldest Pachycephalosaur Fossil Pushes Back These Dinosaurs’ Emergence By 15 Million Years
  • Business
  • Health
  • News
  • Science
  • Technology
  • +1 718 874 1545
  • +91 78878 22626
  • [email protected]
Office Address
Prudour Pvt. Ltd. 420 Lexington Avenue Suite 300 New York City, NY 10170.

Powered by Prudour Network

Copyrights © 2025 · Medical Market Report. All Rights Reserved.

Go to mobile version