Posted on 11 Mar 2010
Japanese gross domestic product (GDP) grew a revised 0.9 per cent in October-December from the previous quarter, against economists’ median forecast for a 1.0 per cent expansion.
The downward revision from a preliminary rise of 1.1 per cent was due to capital expenditure rising less than initially reported and private inventories subtracted from growth.
The revised GDP deflator stood at a record low of minus 2.8 per cent in the fourth quarter compared with the same period a year earlier. That compares with a preliminary reading of minus 3.0 per cent.
The revised GDP figure translates into annualised growth of 3.8 per cent in real, price-adjusted terms, against an initial reading of a 4.6 per cent annualised increase. — Reuters
