The upward revision was caused by better-than-initially-estimated business spending, as a brisk global economic recovery powered capital expenditure and factory output, which more than offset weak service-sector activity.and as pandemic restrictions hamper private-sector activity.
"The 1.9% April-June growth was not enough to push back the nearly 4% dip in January-March – less than a half of it," said Yoshiki Shinke, chief economist at Dai-ichi Life Research Institute."On average, 'stalling' could be the main description of Japan's economy during the first half of 2021." Private consumption, which accounts for more than half of Japan's GDP, grew 0.9% in April-June from the previous three months, up slightly from a preliminary estimate of a 0.8% gain.
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