Tokyo Reuters —
Japan’s economy expanded at an annualized clip of 0.4% in October to December from the previous quarter, better than the initial estimate for a 0.4% contraction, government data showed on Monday.
The revised figure for gross domestic product (GDP) released by the Cabinet Office compared with economists’ median forecast for a 1.1% uptick in a Reuters poll.
The fresh data meant Japan’s economy, now the world’s fourth-largest behind Germany, avoided a technical recession thanks to companies’ stronger-than-expected spending on plants and equipments.
On a quarter-on-quarter basis, GDP grew 0.1%, compared with the
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