Increase: Percent Increase

increase: Annualized GDP for the previous quarter was revised to a 1.5 percent increase, while quarterly real inflation adjusted GDP was revised up to 0.4 percent growth from a 0.3 percent increase, according to The Japan Times. Economic growth is expected to continue in coming quarters, offering the Bank of Japan the hope that a tight labor market is finally starting to boost consumer spending, which in turn makes it easier to generate sustained inflation. Gross domestic product expanded an annualized 4.0 percent in April-June, government data showed, more than the median estimate for 2.5 percent annualized growth and the biggest increase since the three-month period ended March 2015. ; Compared with the previous quarter, the economy expanded 1.0 percent, versus the median estimate for 0.6 percent growth. The engines of consumer spending and capital expenditure both fired well in the second quarter, and that's why domestic demand was so strong, said Hidenobu Tokuda, senior economist at Mizuho Research Institute. This is a positive development for inflation. The pace of growth may moderate slightly, but we are still in recovery mode. (news.financializer.com). As reported in the news.