Japan Q2 Nominal GDP Revised Up to 1.3% QoQ, Matching Forecasts

The upward revision to Japan's nominal GDP, driven by stronger domestic demand, signals a firmer internal consumption base than initially estimated. This matters for global markets as it reduces reliance on external demand, potentially influencing the Bank of Japan's policy normalization timeline. The key watchpoint is whether this domestic momentum persists into the next quarter, as sustained strength could shift yield dynamics in the yen and JGB markets. However, with the annualized figure undisclosed, the breadth of this improvement remains unclear.