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
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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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