Japan GDP Growth Revised Up To 0.3% In Q4


The Japanese economy advanced 0.3 percent on quarter in the fourth quarter of 2016, above preliminary estimates of a 0.2 percent expansion and at the same pace as in the previous period. It was the fourth consecutive quarter of growth, boosted by exports, government spending and private non-residential investment while household consumption was flat.

Compared with the third quarter of the year, external demand added 0.2 percentage points to growth, as exports of goods and services expanded 2.6 percent (2.1 percent in Q3) while imports advanced for the first time in a year by 1.3 percent (-0.3 percent in Q3).

Non-residential investments rebounded (2 percent from 0.9 percent in the preliminary estimates and -0.1 percent in Q3),  adding 0.3 percentage points to growth. In contrast, private residential investment rose at a slower 0.1 percent (2.4 percent in Q3). Private consumption was flat, following 0.3 percent growth in the previous period, making no contribution to growth.

Government consumption grew 0.3 percent (0.3 percent in the preliminary estimates and 0.2 percent in Q3), while public investments fell 2.5 percent (-1.8 percent in the preliminary estimates and -0.9 percent in Q3), subtracting 0.1 percent from the growth.

On an annualised basis, Japan's economy grew 1.2 percent in the fourth quarter of 2016, above preliminary estimates of 1 percent and following 1.2 percent expansion in the previous period. It was the fourth straight quarter of expansion, led by external demand and capital expenditure while private consumption rose at a slower pace.

Japan GDP Growth Revised Up To 0.3% In Q4


Cabinet Office | Yekaterina Guchshina | yekaterina@tradingeconomics.com
3/8/2017 12:21:31 AM