Japan chalks up best winning streak since 2001 on export boost
The economy continues to expand after more than four years of fiscal stimulus and the BOJ's monetary easing
Tokyo
JAPAN'S economy grew for a seventh straight quarter, its longest expansion since 2001, as a recovery in exports and rising business investment offset a decline in consumer spending.
Gross domestic product grew at an annualised rate of 1.4 per cent in the three months ended Sept 30 (estimate +1.5 per cent), compared with a revised 2.6 per cent in the previous quarter. Net exports, or shipments less imports, added 0.5 percentage point to GDP. Business spending rose 0.2 per cent (estimate +0.3 per cent) from the previous quarter. Private consumption fell 0.5 per cent in the third quarter from the previous three months (estimate -0.4 per cent).
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