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Economy

Japan's GDP rises 0.8% in November: JCER

Robust domestic demand supplemented by export gains

TOKYO -- Japan's real gross domestic product grew 0.8% on the month in November, thanks mainly to solid consumer and corporate spending, the Japan Center for Economic Research said Thursday.

Capital spending by businesses climbed 1%, while consumer spending rose 0.5%. Domestic demand as a whole, which includes these factors as well as inventories at private-sector companies, lifted GDP growth by 0.5 percentage point.

Exports increased 5%, while imports rose 3.1%. External demand, or exports minus imports, contributed 0.3 point to GDP growth.

(Nikkei)

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