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According to DailyFx's poll of analysts, growth would only be 3.1%.
Japan's first quarter GDP increased by 3.7% year over year, and its fourth quarter GDP increased by 0.2%.
Second-quarter growth was expected to be 1.5% as compared to the previous quarter. Analysts anticipated that the index would rise by 0.8%. GDP growth for April through June was 2% compared to the second quarter of previous year, matching the first quarter's level.
Up to 60% of Japan's GDP is made up of personal consumption, which fell by 0.5% in quarterly terms in the second quarter despite expectations for growth of 0.1%.
source: dailyfx.com
Japan's first quarter GDP increased by 3.7% year over year, and its fourth quarter GDP increased by 0.2%.
Second-quarter growth was expected to be 1.5% as compared to the previous quarter. Analysts anticipated that the index would rise by 0.8%. GDP growth for April through June was 2% compared to the second quarter of previous year, matching the first quarter's level.
Up to 60% of Japan's GDP is made up of personal consumption, which fell by 0.5% in quarterly terms in the second quarter despite expectations for growth of 0.1%.
source: dailyfx.com