Japan Growth Trails Forecasts as Sales-Tax Increase Looms
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Japan’s economy grew at less than half the forecast pace in the fourth quarter, underscoring risks to the nation’s recovery as a sales-tax increase looms in April.
Gross domestic product expanded an annualized 1 percent from the previous quarter, the Cabinet Office said today in Tokyo, less than the median projection of 2.8 percent in a Bloomberg News survey of 37 economists where the lowest estimate was 1.1 percent.