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MNI BRIEF: Stronger Capex To Push Up Japan Q4 GDP Revision

(MNI) Tokyo
(MNI) TOKYO

Japan's economy in the October-December period grew at a faster pace than initially estimated which will push up capital investment and GDP estimates, economists predicted in the wake of a key government survey.

The median forecast by seven economists for revised Q4 GDP is +0.3% q/q, or an annualised 1.1%, compared with the preliminary estimate of -0.1% q/q, or -0.4% annualised.

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Japan's economy in the October-December period grew at a faster pace than initially estimated which will push up capital investment and GDP estimates, economists predicted in the wake of a key government survey.

The median forecast by seven economists for revised Q4 GDP is +0.3% q/q, or an annualised 1.1%, compared with the preliminary estimate of -0.1% q/q, or -0.4% annualised.

Keep reading...Show less