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- Japan’s final GDP rises 0.3% in the third quarter
Japan’s final GDP rises 0.3% in the third quarter
Japan's Cabinet Office released its final gross domestic product (GDP) data for Japan late Monday evening. Japan's GDP increased by 0.3% in the third quarter, beating expectations for a flat reading and up from the preliminary reading of a 0.2% decline, after a 0.3% fall in the second quarter.
Business investment rose 0.6% in the third quarter, up from a preliminary reading of a 1.3% drop, while household spending increase 0.4%, down from a preliminary reading of a 0.5% gain.
On a yearly basis, Japan's economy climbed by 1.0% in the third quarter, exceeding expectations for a 0.1% gain and up from the preliminary reading of a 0.8% drop, after a 0.5% decrease in the second quarter. The second quarter's figure was revised up from a 0.7% fall.
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