Japan's Q3 2021 GDP revised up to 1.2% growth, fueled by higher investments and exports.

Japan's revised GDP for Q3 2021 shows a 1.2% annualized expansion, better than the initial 0.9% estimate, due to higher capital investment and exports. Despite this improvement, private consumption and capital expenditures showed slight declines. The stronger growth has rekindled market expectations for a near-term interest rate hike by the Bank of Japan, though the December meeting remains uncertain. The upward revision was also partly due to a smaller decline in capital expenditure and a more favorable impact from external demand.

December 09, 2024
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