Japan GDP up 0.1% in December despite weak exports: JCER

Think tank thinks Q4 expanded to annualized 1.2% after Q3 contraction

While domestic consumer confidence continued to mend in December, Japan's exports of goods to key markets in Asia, the U.S. and Europe were down. © Reuters

Nikkei staff writers

February 8, 2023 18:43 JST

TOKYO -- Japan's economy expanded 0.1% in December on a month-on-month seasonally adjusted basis, thanks to recovery in private consumption for services, but sluggish exports limited topline growth, the Japan Center for Economic Research said in a report released on Wednesday.

The Tokyo-based think tank also estimated the country's gross domestic product grew 1.2% in the October-December period compared to the previous quarter.