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Japan Q4 GDP revised up to 1.6 pct annualised growth on stronger capex
Japan's economy expanded at an annualised rate of 1.6 percent in the final three months of 2017, revised up from the preliminary estimate of 0.5 percent as the sequential rise in the exports boosted capex plans, the Cabinet Office said on Thursday.
Measured quarter on quarter, GDP expanded 0.4 percent (preliminary reading was +0.1 percent), according to Bloomberg.
Highlights (source: Bloomberg)
- Gross domestic product expanded an annualized 1.6 percent (estimate +1.0 percent) in the fourth quarter. That compares with a preliminary reading of 0.5 percent.
- Business spending rose 1 percent (estimate +1.3 percent) from the previous quarter. The preliminary reading was +0.7 percent.
- Private consumption increased 0.5 percent (estimate +0.5 percent), versus a preliminary reading of +0.5 percent.
- Net exports, or shipments less imports, contributed 0 percentage point to growth.
Author
Omkar Godbole
FXStreet Contributor
Omkar Godbole, editor and analyst, joined FXStreet after four years as a research analyst at several Indian brokerage companies.
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