Analysts are expecting the Japanese government will raise its estimated gross domestic product figure for the January to March quarter.
Preliminary figures announced last month showed the Japanese economy expanded by 0.4% in real terms from the previous quarter. This translated to 1.7% annual growth, according to Japan's (NHK WORLD) radio.
The government will announce a revised figure on June 8.
Twelve private-sector research firms and financial institutions are now predicting the growth rate will be between 0.3 to 0.7%. The new figures translate to annualized growth between 1.4 to 2.6%.
Nine out of the twelve institutions are projecting upward revision. They say this is due to improvement in corporate capital investment based on the Finance Ministry's survey issued last Wednesday.
However, many analysts are not so optimistic about the economy. They say personal consumption was pushed up by the leap year day in February.
GMT 14:02 2018 Sunday ,02 December
RDIF says $2 billion will be invested in Russian economy from joint Russian-Saudi fundGMT 12:03 2018 Friday ,30 November
Canada on track to sign new free trade deal with US and MexicoGMT 07:59 2018 Wednesday ,21 November
Merkel policies in focus in final debate on draft German budgetGMT 16:57 2018 Wednesday ,31 October
Putin to discuss relations development prospectsGMT 16:04 2018 Monday ,29 October
Russian, Cuban presidents to discuss strategic partnershipGMT 12:57 2018 Saturday ,27 October
"Undeclared war" forces Russia to boost defense spendingGMT 15:45 2018 Friday ,26 October
Medvedev to represent Russia at upcoming APEC summitGMT 14:12 2018 Thursday ,25 October
Saudi Arabia plans to invest in Russian-Chinese Fund soonMaintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor