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Japan Q4 GDP expands 0.5%, longest growth streak since 1980s bubble economy

The economy expanded at 0.5% annualised rate in October-December, less than the median estimate for annualised growth of 0.9%

Reuters  |  Tokyo 

Japan's economy posted its longest continuous expansion since the 1980s boom as fourth-quarter growth was boosted by consumer spending, moving Prime Minister Shinzo Abe's revival plan a step closer to vanquishing decades of stagnation. The long run of growth is an encouraging sign for the Bank of Japan, hinting that the economy may, at last, be building up momentum to lift consumer prices toward its 2 percent inflation target. The economy expanded at a 0.5 percent annualised rate in October-December, less than the median estimate for annualised growth of 0.9 percent, ...

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First Published: Wed, February 14 2018. 16:47 IST
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