Japan second quarter GDP revised up to 0.9 percent quarter-on-quarter growth

Reuters

TOKYO (Reuters) - Japan's economy expanded 0.9 percent in April-June from the previous quarter, government data showed on Monday, revised up from a preliminary 0.6 percent increase.

The result matched the median market forecast in a Thomson Reuters poll of economists.

The revised gross domestic product figure translates into an annualised 3.8 percent growth, up from an initial reading of 2.6 percent and against a median market forecast for a 3.7 percent increase, the data released by the Cabinet Office showed.

The upward revision underscores the view Japan's economy is on track for a moderate recovery and may heighten the case for Prime Minister Shinzo Abe to proceed with a scheduled sales tax increase from next year.

(Reporting by Leika Kihara; Editing by Chris Gallagher)

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