Economists: Japan's economy may recover in the second quarter

Golden Ten Data on August 14, Japan’s second-quarter GDP data will be released on Thursday. Taro Saito, an economist at the Japan Institute of Economic Research, said the Japan economy could rebound from the contraction in the first quarter and recover during the second quarter. "It’s hard to say that the economy has come out of the see-saw phase. In order to confirm the recovery of the Japan economy, it is necessary to study the developments in the third quarter and beyond. "Saito expects real GDP to rise by 0.8% month-on-month, which translates to an annualized rate of 3%. He added that private spending is expected to improve in the third quarter due to the impact of one-off cuts in income tax and resident tax.