TOKYO - The Japanese economy grew faster than initially estimated in the fourth quarter as capital expenditure staged a quick recovery from a series of natural disasters in the previous quarter.
Japan’s gross domestic product rose at an annualized rate of 1.9 percent in October-December, more than the initial estimate of a 1.4 percent annualized expansion and more than the median estimate for a 1.8 percent annualized increase, revised data from the Cabinet Office showed. The revised figure translates into a quarter-on-quarter expansion of 0.5 percent in real, price-adjusted terms. This is more than a preliminary reading of a 0.3 percent expansion and economists’ median estimate of a 0.4 percent increase.
Net exports - or exports minus imports - contributed minus 0.3 percentage point, unchanged from preliminary data. Real wages in January rose 1.1 percent year-on-year in January, matching the same pace of growth in the previous month, the labor ministry said on Friday.
We hope to actively intervene in the upgrading of China's coal-fired power plants by utilizing the yen loan to solve environmental problems in Northeast Asia.
Hey, reuters - you being in ‘financial news’ business, should you really be saying this without even considering whether there is ANY statistical difference between 1.8% median forecast and 1.9% preliminary outrun estimate?..
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