Japan finance minister Aso: There is room for capex to grow

Japanese finance minister Aso speaking

• Housing investment was biggest driver of growth in Q2 GDP
• There is room for capex to grow further given machinery orders remain at high levels

Headlines via Reuters

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Taro Aso on yesterday's GDP data from Japan:

• Japan economy minister - GDP growth driven by domestic demand
• Japan GDP for Q2 (preliminary) 1.0% q/q (vs. expected 0.6%)
• Japan Q2 GDP recap: "blows past expectations", "surge", "strong pick-up"