Researchers at UOB Group assessed the solid performance from the Japanese GDP figures.
Key Quotes
“Japan’s economy expands for the 7th straight quarter by 0.3%q/q, 1.4%q/q SAAR in 3Q 2017, recording its best growth streak in 16 years, since 2001”.
“Growth was mainly supported by the rebound in net exports, helping to offset the dip in private consumption & government spending while business spending grew at a slower pace in 3Q”.
“We maintain our 2017 GDP growth forecast of 1.3% after the positive growth outturn seen in the first nine months of the years even as we factor in a potential moderate decline in 4Q 2017”.
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