Economic and fiscal policy minister Akira Amari said Sunday that the country’s quarter-on-quarter real gross domestic product growth in the July to September period is expected to be revised up to around zero percent from minus 0.8 percent at an annual rate.
Amari showed the estimate in a television program of Japan Broadcasting Corp. (NHK). It is highly unusual for a cabinet minister to refer to a specific number for economic data before the official announcement.
Amari may have touched on the figure based on the average GDP growth estimate of around zero percent among private-sector economists.
The Cabinet Office is scheduled to release revised GDP data for July to September on Tuesday.
In a preliminary report in mid-November, the government agency said that Japan’s seasonally adjusted GDP in the second quarter of fiscal 2015 shrank 0.2 percent from the preceding three months, or 0.8 percent on an annualized basis, falling for the second consecutive quarter.