Capital investment weakens, Japan lowers second-qu

Aihucha News, September 8: The Japanese Cabinet Office announced on Friday that the revised annualized quarterly rate of Japan’s real GDP in the second quarter recorded 4.8%. This growth rate is lower than the initial value of 6% and lower than that of economists. 5.6% of forecast. The results suggest that Japan's economic growth was fragile last quarter. This was mainly due to businesses cutting back on investment in factories and equipment, as well as lower consumer spending. The data released on Friday echoed some signs that Japan's weak domestic environment is weighing on the country's recovery. The data will support Prime Minister Fumio Kishida's view that consumers and businesses need more help in the face of the worst inflation in decades. The weaker result also points to the need for the Bank of Japan to continue its ultra-loose policy to stimulate economic activity given the dimming outlook for external demand. Economists expect Japan's economy to shrink this quarter.