A Japanese government official commenting
In response to the Q2 GDP data just out: Japan - Q2 GDP, final: 0.6% q/q (expected 0.7%)
And specifically to the capex component:
GDP Business Spending y/y, 0.5%
- expected 0.5%, preliminary 2.4%
Which was not great compared with the preliminary result ... but on the other hand it was the only part of the data that came in on expectations, so there is that!
More from the official:
- Japan's economy continues to recover moderately as a trend
