Japan's Q2 GDP Growth Revised Upward, Fueling Rate Hike Expectations

Japan's second-quarter GDP growth was revised to an annualized 1.4%, up from the initial estimate of 1.1%, though below the 1.8% forecast by economists. The data supports the Bank of Japan's assessment that the economy is performing as expected, strengthening the case for a potential interest rate hike at the policy meeting on September 18.