[Josephats]
Japan admits overstating some government economic data for years
Tokyo - The Japanese government overstated construction orders data
received from builders for years, Prime Minister Fumio Kishida said on
Wednesday, an admission that could dent credibility of official statistics
widely used by investors and economists.
It was not clear why the government started the practice of rewriting the
data. It is also unclear how gross domestic product (GDP) figures may have
been affected, though analysts expected any impact to be minimal,
particularly as the builders involved were likely to be smaller firms.
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rest:
https://www.reuters.com/markets/asia/japan-ministry-overstated-construction-orders-data-years-asahi-2021-12-15/
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