Japan's Q2 GDP growth revised to 3.5 pct

TOKYO, Sept. 8 (Xinhua) -- Japan's gross domestic product (GDP) in the April-June period was revised up to an annualized real growth of 3.5 percent from the initially reported 2.2 percent, government data showed Thursday.

The increase in the real GDP, the total value of goods and services produced in the country adjusted for inflation, equals a 0.9-increase on a seasonally adjusted quarterly basis.

Stepped-up investments in factories and equipment made by Japanese enterprises mostly contributed to the upward revision, with the capital spending increasing 2 percent from the initially reported 1.4 percent, according to the report released by the Cabinet Office.

The growth in private consumption, which accounts for more than half of the country's GDP, was revised to 1.2 percent from the previously reported 1.1 percent, while that in public investment was revised upward to 0.7 percent from 0.6 percent.

Despite that the country's economic activities picking up pace in the second quarter with anti-virus restrictions further lifted, analysts remain cautious about the growth outlook, partly because inflation is accelerating, according to Kyodo News.