Japan makes strong revision of Q3 growth figure

Tokyo

JAPAN received a surprise and a half on Tuesday, with news not only of a half-expected upward revision in third-quarter gross domestic product (GDP) - meaning the country did not slide back into recession during the period - but also that the revision was much stronger than forecast.

Preliminary data released last month suggested that GDP had contracted by 0.8 per cent on an annualised basis during …