Japan's Economy Expands Faster Than Initially Estimated in Q2

Kathmandu. Revised government data shows that Japan's economy expanded at a faster pace in the second quarter of the current fiscal year than initially estimated. This data has been released amid expectations that Japan's central bank will raise interest rates next week.

According to the Cabinet Office of Japan, the world's fourth-largest economy expanded by 0.4 percent in the three months from April to June. The initial estimate released earlier had projected economic growth at 0.3 percent.