Japan’s Cabinet Office released its final gross domestic product (GDP) data for Japan late Monday evening. Japan’s GDP decreased by 0.3% in the fourth quarter, up from the preliminary reading of a 0.4% decline, after a 0.3% rise in the third quarter.
Capital expenditure rose 1.5% in the fourth quarter, up from a preliminary reading of a 1.4% gain, while household spending decrease 0.9%, down from a preliminary reading of a 0.8% fall.
On a yearly basis, Japan’s economy contracted by 1.1% in the fourth quarter, from the preliminary reading of a 1.5% drop, after a 1.3% growth in the third quarter.
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