Indicators
Japan’s Economy Shows More Resilience as BOJ Mulls Hike Timing
- Net exports, capex and inventory help revise up growth
- Speculation rising that central bank may hike again this month
This article is for subscribers only.
Japan’s economy grew at a faster pace than initially estimated, indicating more strength in the recovery as the central bank parses data ahead of a policy decision later this month.
Japan’s gross domestic product grew at an annualized pace of 1.2% in the three months through September from the previous quarter, the Cabinet Office said Monday. The result beat a preliminary estimate of 0.9%, largely on better net exports, capital expenditure and inventory figures. Economists had forecast an upward revision to 1.0%.