Japan's 2Q GDP Growth Revised Down

The video discusses Japan's GDP figures, highlighting the initial 4% growth rate, which was later revised to 2.5% due to weaker business spending. It emphasizes the unreliability of initial GDP numbers in Japan, which are often revised significantly. Despite the downward revision, the 2.5% growth is still above Japan's potential growth rate. The current quarter is expected to grow at 1% on an annualized basis, which remains strong compared to Japan's G7 counterparts.

What does the text suggest about the reliability of Japanese initial GDP numbers?

How does Japan's current growth compare to its G7 counterparts according to the text?