Japan's economic growth rate in the second quarter was higher than the initial value, further confirming the rationality of the Bank of Japan's interest rate hike next week, which is widely anticipated by the market. Japan's Cabinet Office released a report on Tuesday showing that Japan's GDP grew at an annualized quarterly rate of 1.4%, higher than the previous initial value of 1.1%, but lower than economists' median forecast of 1.8%. After incorporating the new data for the current period, enterprise equipment investment became the main driving factor for the data upgrade; the indicator fell 0.9% month-on-month, while the initial value fell 1.2%. This set of data confirms the Bank of Japan's judgment: the overall operation of the economy is generally consistent with the bank's outlook, providing more basis for interest rate adjustments at the September 18 policy meeting. The swap agreement shows that investors have fully calculated the price and will raise interest rates at that time.

Japan's economic growth rate in the second quarter was higher than the initial value, further confirming the rationality of the Bank of Japan's interest rate hike next week, which is widely anticipated by the market. Japan's Cabinet Office released a report on Tuesday showing that Japan's GDP grew at an annualized quarterly rate of 1.4%, higher than the previous initial value of 1.1%, but lower than economists' median forecast of 1.8%. After incorporating the new data for the current period, enterprise equipment investment became the main driving factor for the data upgrade; the indicator fell 0.9% month-on-month, while the initial value fell 1.2%. This set of data confirms the Bank of Japan's judgment: the overall operation of the economy is generally consistent with the bank's outlook, providing more basis for interest rate adjustments at the September 18 policy meeting. The swap agreement shows that investors have fully calculated the price and will raise interest rates at that time.