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MNI BRIEF: Japan May Revise Up Q4 GDP On MOF Capex Survey

TOKYO (MNI)

Combined capital investment by non-financial Japanese companies excluding software rose 2.7% q/q in the fourth quarter reversing from a 1.1% decline in Q3, a quarterly revised survey released by the Ministry of Finance on Wednesday showed.

Based on the MOF data on capex and inventories, the government is likely to revise up its preliminary estimate of Q4 for real GDP.

The MOF survey, based on the demand side, is the key to calculating Q4 GDP revisions that are due on March 9, and indicated that capex will be revised up from a preliminary estimated gain of 0.4%, see: MNI BRIEF: Japan Capex Dip To Lead To Downward Q3 GDP Revision.

MNI Tokyo Bureau | +81 90-2175-0040 | hiroshi.inoue@marketnews.com
MNI Tokyo Bureau | +81 90-2175-0040 | hiroshi.inoue@marketnews.com

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