TOKYO (Reuters) -- Japan's economy grew faster than the initially estimated in the April-June quarter, helped by solid capital expenditure, although a resurgence in COVID-19 is undermining service-sector consumption and clouding the outlook.
Revised gross domestic product (GDP) data by the Cabinet Office released on Wednesday showed the economy grew an annualized 1.9% in April-June, beating economists' median forecast for a 1.6% gain and the initial estimate of a 1.3% expansion.