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?..
Nederland Laatste Nieuws, Nederland Headlines
Similar News:Je kunt ook nieuwsberichten lezen die vergelijkbaar zijn met deze die we uit andere nieuwsbronnen hebben verzameld.
Japan's fourth quarter GDP seen revised up on stronger business spending: Reuters pollJapan's economy likely expanded faster than initially estimated in the four...
Lees verder »
China stocks rally on stimulus hopes, Aussie dollar hit by weak GDP dataAsian stocks held their ground on Wednesday as Chinese equities soared on stimul... Too big to fail? China printing money again
Lees verder »