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Economy

Japan's GDP rose 0.4% in October

TOKYO -- Japan's real gross domestic product grew 0.4% on the month in October, marking the first increase in three months, the Japan Center for Economic Research said Tuesday.

     Exports grew 1.1%, with shipments to the U.S. and Europe as well as to China showing recovery, while imports fell 2.9%, the think tank said. External demand, or imports subtracted from exports, boosted GDP growth by 0.7 percentage point.

     While capital spending climbed 1.3%, consumer spending declined again, sliding 0.4%. Expenditures fell in a wide range of categories, including culture and recreation as well as fuel, light and water, a household survey in October showed. Internal demand was a 0.3-percentage-point drag on GDP.

(Nikkei)

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