Economics
Japan’s Economy Expands More Than Expected on Strong Investment
- Upward revision to business spending exceeds expectations
- Drop in private consumption underscores soft consumer demand
Japan's Economy Expands More Than Expected
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Japan’s economy expanded a faster-than-expected 2.5 percent in the third quarter, as a nearly year-long recovery in exports helped fuel business investment.
The Japanese economy has grown for seven straight quarters, which now registers as its longest expansion since the mid-1990s, following government revisions to previous data released on Friday. A slew of key October indicators suggest that while growth may slow a bit, the GDP expansion will continue in the fourth quarter.