Japan revises economic data to show bigger contraction in July-September period
Japan's Q3 GDP shrank 2.3% annualized due to weaker capital spending and an 8.2% drop in private residential investment, amid new housing regulations and U.S. tariffs.
- Japan's third-quarter gross domestic product shrank 0.6% from the previous quarter, worsening from the initial estimate of 0.4% contraction due to a decline in capital expenditure.
- Private consumption inched up 0.2% in July-September while capital expenditure fell 0.2%, contrary to earlier estimates, indicating weak business investment.
- Despite the contraction, economists expect the Bank of Japan to stick to its plan for policy normalization, citing prospects of wage hikes in next year's spring labor talks.
20 Articles
20 Articles
Japan’s Q3 revised GDP widens contraction to annualised 2.3%
TOKYO, Dec 8 (Reuters) – Japan’s economy contracted faster than initially reported in the July-September period from the previous quarter, revised government data showed on Monday. The revised figure for gross domestic product (GDP) released by the Cabinet Office showed the economy shrank an annualised 2.3%. It compared with economists’ median forecast for a 2.0% fall and initial reading for a 1.8% decline. On a quarter-on-quarter basis, GDP fel…
Japan's Q3 GDP contraction worsens on weak capex; unlikely to sway BOJ on rate hike
TOKYO, Dec 8 : Japan's economy contracted faster than initially estimated in the three months through September, primarily due to new data dragging down capital spending figures, though economists said the blip is not enough to sway the central bank.Gross domestic product shrank an annualised 2.3 per cent rat
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