Japan’s Q4 growth revised up to 0.5pc

  • News Digest

Mar 9, 2019-

Japan’s economy grew faster than initially thought in the October-December quarter, due partly to strong corporate investment, official figures showed on Friday. The world’s third-biggest economy grew 0.5 percent quarter-on-quarter, up from the preliminary figure of 0.3 percent, the cabinet office said. The latest figure—an annualised 1.9 percent—is slightly better than market expectations, confirming that Japan has bounced back to growth as the negative impact from a series of natural disasters over the summer receded. Japan’s household spending in January edged up 2.0 percent, beating a market expectation of a 0.5 percent decline, a separate survey by the internal affairs ministry said. Housing costs, vehicle and telecommunications-related fees and education costs were among the reasons for the rise in spending, the ministry said. (AFP)

Published: 09-03-2019 09:50

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