Japan’s economy grew at an annualised rate of 1.4% in the April-to-June quarter, an upward revision from the initial estimate of 1.1%, according to figures released by the Cabinet Office on Tuesday September 8.
On a quarter-on-quarter basis, gross domestic product increased by 0.4%, compared with the preliminary estimate of 0.3%. The revised figure remained below the 1.6% median forecast from economists.
The main change came from business investment, which fell by 0.9% during the quarter rather than the 1.2% decline recorded in the first estimate. The Cabinet Office said the second estimate incorporated newly available corporate financial data alongside supply-side statistics.
Private consumption, which accounts for more than half of Japan’s economy, was unchanged. Government consumption rose by 1.7%, while net exports contributed to growth as exports increased by 0.4% and imports fell by 1.7%.
The figures suggest that the expansion was supported more by external demand and a less severe decline in corporate investment than by household spending. Real employee compensation rose by between 1% and 1.1% over the quarter, depending on the deflator used, according to the Cabinet Office data. ([esri.cao.go.jp](https://www.esri.cao.go.jp/en/sna/data/sokuhou/files/2026/qe262_2/pdf/gaiyou2622_e.pdf))
