TOKYO, Sept 16 (Reuters) – Japan’s output gap for the April-June quarter of 2024 has been revised upward to 0.3%, the highest level since the July-September period of 2019, according to the Cabinet Office. This adjustment follows the release of updated gross domestic product (GDP) data, which provided a more accurate reflection of the nation’s economic performance. Previously, the output gap was estimated at 0.1% based on preliminary GDP figures released last month. This marks the first positive output gap reading since the April-June quarter of 2023, signaling a potential recovery in Japan’s economic activity. The output gap, which measures the difference between actual and potential economic output, is a key indicator of economic health and inflationary pressures. A positive gap suggests that demand is outpacing supply, which could lead to increased inflationary pressures. The revision underscores the resilience of Japan’s economy amid global uncertainties and highlights the importance of accurate data in shaping economic policy. Analysts are closely monitoring the trend to assess its implications for future monetary and fiscal decisions.