Japan's economy seen expanding for the 8th straight quarter – Reuters poll
|According to the Reuters poll of 19 analysts, the Japanese economy is seen expanding for an eighth straight quarter in Q4 2017, marking the longest period of expansion in about 30 years.
Key Findings:
“Gross domestic product (GDP) was estimated to have expanded at an annualized rate of 0.9 percent in the fourth quarter of last year
That would be the longest streak of growth since a 12-quarter stretch of growth between April-June 1986 and January-March 1989 around the height of Japan’s notorious economic bubble.
The median forecast saw capital spending rising 1.1 percent in the fourth quarter, up for a fifth straight quarter, on buying of equipment to ease labor shortages and brisk demand from semiconductor makers.
Private consumption, which accounts for roughly 60 percent of GDP, rose 0.4 percent for the quarter, recovering from a 0.5 percent fall in the third quarter.
The economy received no contribution from external demand - or exports minus imports - after it contributed 0.5 percentage point to GDP growth in July-September.”
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