The change in the first quarter estimate (first graph below) was not enough for Japan’s GDP to rise above the level it had in the second half of 2013 and after the first quarter of 2014 (see second graph below).
Sources:
- Japan Q1 GDP expanded 3.9% annually: revised data (Business Standard, 08 June 2015)
- Japan Q1 GDP revised up to annualised 3.9% growth: Govt (The Straights Times, 08 June 2015)
- Japan Q1 GDP growth revised up to 3.9% annualised (Financial Times, 08 June 2015