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Cindy Shebley
It was announced earlier that the GDP rose by 0.7%. Analysts surveyed by Trading Economics did not predict a revision.
Although the estimate was lowered, Japan's economy expanded more rapidly in the fourth quarter compared to the third quarter, which recorded a growth of 0.4%. The rise in GDP signified the third straight quarter of progress.
Consumer expenditure in Japan remained stable in the fourth quarter, despite earlier reports indicating a rise of 0.1%. Business capital investment increased by 0.6%, not 0.5% as earlier stated, while government spending climbed by 0.4% (+0.3%).
Japanese exports increased by 1% during October to December, whereas imports decreased by 2.1%.
In the fourth quarter, Japan's GDP growth, measured on an annualized basis, reached 2.2% (+1.4% in the third quarter).
source: reuters.com
Although the estimate was lowered, Japan's economy expanded more rapidly in the fourth quarter compared to the third quarter, which recorded a growth of 0.4%. The rise in GDP signified the third straight quarter of progress.
Consumer expenditure in Japan remained stable in the fourth quarter, despite earlier reports indicating a rise of 0.1%. Business capital investment increased by 0.6%, not 0.5% as earlier stated, while government spending climbed by 0.4% (+0.3%).
Japanese exports increased by 1% during October to December, whereas imports decreased by 2.1%.
In the fourth quarter, Japan's GDP growth, measured on an annualized basis, reached 2.2% (+1.4% in the third quarter).
source: reuters.com
