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Japan's economic growth upwardly revised to 2.2 percent in Q1

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Christian Fernsby |
Japan workers on building
Asia   According to the Cabinet Office, the economy grew an annualized real 2.2 percent

Japan's economic growth in the first quarter of 2019 was upwardly revised, the government said in a report on Monday.

According to the Cabinet Office, the economy grew an annualized real 2.2 percent in the first quarter of 2019. This compares to a preliminary 2.1 percent expansion, according to the government's initial figures.

The upward revision was owing to solid capital expenditure, the Cabinet Office said.

In terms of real gross domestic product, which is the total value of goods and services produced in the country adjusted for inflation, the growth of Japan's economy translates to a 0.6 percent increase from the previous quarter, the government's data showed.


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