Japan’s economy had more momentum than initially thought ahead of a record surge in virus cases that contributed to Prime Minister Yoshihide Suga’s downfall.
Gross domestic product expanded at an annualized pace of 1.9% in the three months to June, faster than an earlier estimate of 1.3%, according to a revised report by the Cabinet Office on Wednesday. The figures showed extra government spending, business investment and private consumption buoyed growth.
Japan's Economy Grew at Faster Clip Before Record Virus Wave - Bloomberg
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