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Japan's economy grew slightly faster in the first quarter than initially estimated, thanks to increased capital expenditure, but global trade tensions still dragged down the overall growth of Japan's economy.
As the third largest economy in the world, Japan's economy is facing increasing downward pressure, as the US-China trade war warms up and global demand ebbs, at the same time, domestic consumers'willingness to spend is not strong.
Japanese cabinet government data show that Japan's economic growth in January-March is 2.2% annually. Previous analysts predicted growth of 2.1% as well as initial values.
Economic growth in the first quarter was revised to 0.6% over the previous quarter, with both initial and analyst median growth of 0.5%.
Capital expenditure grew by 0.3% compared with the previous quarter, with an estimated median and initial growth of 0.5% and a decrease of 0.3% respectively.

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