Japan's economy grew twice as fast as originally estimated in the third quarter, thanks to a business spending splurge and buoyant exports, supporting the central bank's recent signals that it will shift away from crisis-era policy. The world's third-largest economy grew an annualised 2.5 percent in July-September, revised data showed on Friday, handily topping forecasts and beating the preliminary reading of a 1.4 percent expansion. The better growth numbers were bolstered by a significant upgrade in capital expenditure, driven in part by a surge in tourism following ...
Japan's Q3 GDP blows past initial estimates as business investment surges
The world's third-largest economy grew an annualised 2.5 percent in July-September