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Japan’s Ruling Party Will Reassess How GDP Is Compiled

  • Any changes are likely to bring upward revisions of figures
  • Lawmaker Yoshimasa Hayashi says he will chair data group
Yoshimasa Hayashi.

Yoshimasa Hayashi.

Photographer: Akio Kon/Bloomberg
Updated on

Japan’s ruling Liberal Democratic Party will form a group by the end of the month to examine how to best collect and compile economic statistics that are used in key measures including gross domestic product, said LDP lawmaker Yoshimasa Hayashi.

Hayashi, 55, said he will chair the group and that any changes to the data are likely to result in stronger -- not weaker -- figures.