Japan revises Q3 GDP higher, keeps alive BOJ rate-hike expectations

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TOKYO : Japan's economy expanded in July-September at a faster pace than initially reported thanks to upward revisions in capital investment and exports, keeping alive market expectations for a near-term interest rate hike by the central bank.

The upgrade was caused in part by a smaller-than-expected decline in capital expenditure, which fell 0.1 per cent in the third quarter compared with a preliminary reading of a 0.2 per cent drop.

Private consumption, which accounts for more than half of the Japanese economy, rose 0.7 per cent, less than the preliminary reading of 0.9 per cent growth.

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Category: EconomyBusiness

Markets: SingaporeJapan

Topics: Hike Data Cent Rate Economy Interest December Consumption Japan Rates Growth

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-09 @ 08:03:14 (2 weeks ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 674 words

Reading Time: 4 minutes read

Sentences: 24 lines

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Copyright Owner: © Channel News Asia

News ID: 24251044

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