Revised Data Shows Japan's Economy Avoids Recession with Q4 Growth
TL;DR Summary
Japan's fourth-quarter GDP was revised to show a slight expansion, avoiding a technical recession, but the growth was weaker than expected, raising concerns about the sluggish economic recovery. The revised GDP expanded at an annualized rate of 0.4%, below economists' forecasts, with capital expenditure anchoring the upward revision. Despite pockets of weakness, the Bank of Japan may abandon negative interest rates due to prospects of hefty pay hikes, while the upcoming policy-setting meeting will be closely watched.
- Japan Q4 GDP revised up to slight expansion, economy avoids recession Reuters
- Japan avoids technical recession as economic growth figures revised BBC.com
- Japan averts technical recession as revised fourth-quarter data shows economy grew 0.4% CNBC
- Japan's Economy Expanded in Fourth Quarter on Capital Spending Boost The Wall Street Journal
- Japan’s economy avoids recession by growing in last year’s final quarter, according to revised data The Hill
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