Japan's Q2 GDP Growth Revised Down; Softer Consumption to Test BOJ Policy

ECONOMIC GROWTH - TOKYO. Japan's economy grew at a slightly slower pace than initially reported in the second quarter, hurt by downward revisions in corporate and household spending that point to a bumpier second half for consumption and the central bank's rate-hike plans.

The Bank of Japan is keen to see consistent improvement in domestic demand as it focuses on exiting its decade-long monetary stimulus programme and raising interest rates further in coming months.