Japan has revised up its growth data for the April to June quarter, adding to hopes of an economic recovery.
The economy expanded 0.9% during the period, compared to the previous three months. That translates into an annualised growth of 3.8%.
The initial estimate of quarter-on-quarter growth was 0.6%.
Japan has taken aggressive measures in recent months to spur growth in the world’s third-biggest economy, after years of stagnation.
“The moves by Japanese policymakers have fuelled optimism of a recovery, which has seen companies start to invest more,” Martin Schulz of Fujitsu Research Institute told the BBC.
“That is trickling down into the labour market and the real economy. The affect of that is now starting to show in the numbers,” he explained.
This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.