Japan's April-June growth upgraded to annualized real 3.5%

Japan's economy grew at an annualized real 3.5 percent in the April-June quarter, much faster than previously reported, as companies and consumers stepped up spending amid the waning impact of the COVID-19 pandemic, the Cabinet Office said Thursday.Real gross domestic product, adjusted for inflation, was previously estimated to have expanded 2.2 percent. On a quarterly basis, it increased 0.9 percent, revised upward from an earlier reading of 0.5 percent. GDP is the total value of goods and services produced in a country.The figure, higher than the average market forecast of a 2.9 percent i…READ FULL ARTICLE