Japan upwardly revises growth data

<p>Japan’s economy is growing faster than first thought.</p>

The Japanese economy is growing at a stronger rate than previously estimated, according to the release of new figures.

It was announced that the economy expanded 0.9 per cent during the second quarter of the year, up from the 0.6 per cent figure previously revealed.

Martin Schulz of Fujitsu Research Institute told the BBC that this figure comes as a result of moves by Japanese policymakers in the last few weeks and months.

"That is trickling down into the labour market and the real economy. The effect of that is now starting to show in the numbers," he said.

Hiroaki Muto, a senior economist with Sumitomo Asset Management in Tokyo, added the Japanese economic growth will continue due to strong personal consumption and public works spending.

On the back of the release of the data, the Nikkei index was up by 2.5 per cent to get the week off to a strong start.

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