Japan's economy expanded an annualized real 1.5 percent in the April- June quarter, greater than the initially reported 0.4 percent, as data for corporate capital investment has been revised upward, government data showed Friday.
The growth in gross domestic product corresponds to an expansion of 0.4 percent from the previous quarter through March, also an upward revision from the earlier announced 0.1 percent rise, according to revised data from the Cabinet Office.
Cabinet Office Parliamentary Secretary Keisuke Tsumura said that the data showed that Japan's economy was "continuing to pick up" in the April-June quarter, but warned of risks overshadowing the outlook such as the yen's rise and the slowdown in the global economy.
Capital spending was revised upward to 1.5 percent growth from the originally estimated 0.5 percent expansion. Private inventory pushed down GDP by 0.1 percentage point, revised from the initial estimate of a negative contribution of 0.2 point.
The GDP deflator, a broad indicator of price trends, fell 1.0 percent from the previous quarter, unchanged from the initial report.
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