MNI BRIEF: Japan Q3 GDP Revised Up On Net Exports, Capex
MNI (TOKYO) - Japan's economy for Q3 grew at a faster pace as net exports and private inventories were revised up from its first preliminary estimates, although private consumption was revised down, preliminary data released by the Cabinet Office showed on Monday.
The contribution of net exports was revised to -0.2 pp from -0.4 pp. Private-sector inventories to total domestic output contributed a revised +0.2 pp from +0.1 pp. Capital investment fell 0.1% q/q, revised up from -0.2% seen in the preliminary release. The contribution from capital investments was unrevised at -0.0 pp.
Public investment fell 1.1% q/q, revised down from -0.9%, and the GDP contribution of public investment was revised to -0.1 pp from -0.0 pp. Private consumption, which accounts for about 60% of Japan’s GDP, was revised to 0.7% from 0.9%, and its contribution was revised to 0.4 pp from 0.5 pp.