Japan's Q2 GDP growth revised downward

By Reuters

Sep 10, 2024 12:14 am

TOKYO — Japan's economy grew at a slightly slower pace than initially reported in the second quarter, hurt by downward revisions in corporate and household spending that point to a bumpier second half for consumption and the central bank's rate-hike plans.

The Bank of Japan (BOJ) is keen to see consistent improvement in domestic demand as it focuses on exiting its decade-long monetary stimulus program and raising interest rates further in the coming months.

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