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Economy

Japan's GDP expands 1.8% in October: JCER

Domestic capital and consumer spending lift economy

Shoppers stream into an Aeon mall in Chiba during May: Japan's consumer spending rose by 1.1% on the month in October.   © Reuters

TOKYO -- Japan's real gross domestic product grew 1.8% in October from the previous month, marking the fifth straight month of economic expansion, the Japan Center for Economic Research said Friday.

Domestic private demand lifted GDP, according to the center's estimate. Capital expenditures rose 4.1%, while consumer spending climbed by 1.1%.

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