Japan Q4 GDP revised down to +1.5% annualised

[TOKYO] Japanese gross domestic product rose an annualised 1.5 per cent in the October-December quarter, revised government data showed on Monday, less than the preliminary reading of a 2.2 per cent increase as capital expenditure weakened.

The median forecast was for 2.2 per cent annualised growth in a Reuters poll of economists.

On a quarter-on-quarter basis, the economy grew 0.4 per cent in the fourth quarter, the Cabinet Office data showed. That compared with a preliminary reading of a 0.6 per cent increase and the median estimate of 0.6 per cent growth.

Capital expenditure fell 0.1 per cent from the previous quarter, versus a preliminary 0.1 per cent increase and below the median estimate of a 0.3 per cent expansion.

REUTERS