Analyst: Japan's first quarter economic growth may be lower than initially estimated.

The revised data is expected to show that the Japanese economic growth in the first quarter of 2026 is lower than initially reported. Economists say recent data from the Ministry of Finance suggests that capital spending is weaker than the initial estimates. A survey by Quick indicates that the real GDP annualized growth rate may be revised down to 1.2%, compared to the initial estimate of 2.1%. Naomu Shi, an economist at Nomura Research Institute, said that the uncertainty in the Middle East situation has led to a deterioration in consumer confidence and a slowdown in exports, and economic growth in the 4th to 6th months is expected to slow down. "By the end of the 7th to 9th months, the momentum of Japan's economic growth may stagnate," he said. The revised data will be released on Monday.