Japan revises Q3 GDP higher on capex and exports

Economic growth rose an annualized 1.2% in three months to September

20241209 Japan exports file photo

Japan's faster-than-forecast third quarter economic growth may not be the sure sign of recovery the BOJ is looking for amid uncertainty posed U.S. President-elect Donald Trump's proposed tariffs. © Reuters

TOKYO (Reuters) -- Japan's economy expanded in the July to September period at a faster pace than initially reported, thanks to upward revisions in capital investment and exports.

Gross domestic product rose an annualized 1.2% in the three months to September, the Cabinet Office's revised data showed on Monday, higher than economists' median forecast and the initial estimate of 0.9% growth.

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