Japan GDP expands in Sept quarter, dodges recession

Dhwani Mehta FXStreet

FXStreet (Mumbai) - Japan’s final GDP figures revealed that the economy expanded in the third quarter and avoided recession as seen in the initial estimate on the back of stronger investments and slower pace of decline in the inventories.

According to the latest figures released by the Cabinet Office on Tuesday, Japan’s Q3 GDP expanded to 0.3%, revised up from -0.2%. Markets had predicted a 0.1% increase in overall output.

While on annual basis, the economy expanded 1.0% in the third quarter, beating the first estimate of a 0.8% contraction.

The upward revision to the growth estimate offers some respite to the Japanese policymakers, who finally see their efforts to energize Japan’s ailing economy paying-off.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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