The dynamics of Japan’s GDP in the third quarter revised upwards

Moscow. December 8. Japan’s GDP in the third quarter of 2015 increased by 1% in recalculation on annual rates, according to final official data.

Preliminary data indicated the decline of the Japanese economy in July-September by 0.8%.

Analysts surveyed by Bloomberg on average expected to improve the estimation of growth by 0.2%.

Thus, Japan’s economy has avoided recession, and increased after the recession in the second quarter.

Improve the estimate of GDP growth in the third quarter reflects the revision indicator of business investment. According to final data, this index increased in July-September by 0.6%, whereas preliminary figures indicated a decrease of 1.3%.

“The Japanese economy is back on the road to recovery after a mild correction, – said a senior economist at Tokai Tokyo Research Center Co. in Tokyo Hiroaki muto. Data indicate an increase in the capital of companies”.

Private consumption in Japan in the last quarter increased by 0.4% against previously announced 0.5 percent.