Japan's 2Q GDP Growth Revised Down

The video discusses Japan's GDP figures, highlighting the initial 4% growth rate, which was later revised to 2.5% due to weaker business spending. It emphasizes the unreliability of initial GDP numbers in Japan, which are often revised significantly. Despite the downward revision, the 2.5% growth is still above Japan's potential growth rate. The current quarter is expected to grow at 1% on an annualized basis, which remains strong compared to Japan's G7 counterparts.

What was the initial GDP growth figure reported for Japan before the revision?

• 3%

• 1.5%

• 4%

• 2.5%

How much did business investment grow in the quarter, according to the revised data?

• 2.4%

• 0.5%

• 1.2%

• 3.5%

What is a common characteristic of Japan's initial GDP numbers?

• They are rarely revised.

• They are always lower than expected.

• They are always accurate.

• They are often revised significantly.

What is the potential growth rate of Japan mentioned in the transcript?

• 0.8%

• 1.5%

• 2.5%

• 4%

How does Japan's current quarter growth compare to its G7 counterparts?

• It is lower.

• It is not mentioned.

• It is about the same.

• It is higher.