Japan's economy grows a revised 1.0% in July-Sept., avoids recession

posted on December 8, 2015

Japan's economy grew an annualized 1.0 percent in the July-September period in inflation-adjusted terms, a turnaround from a contraction in preliminary data, the government said Tuesday, quelling fears of a technical recession.

The growth in real gross domestic product, the total value of goods and services produced domestically, corresponded to a 0.3 percent increase from the previous quarter, the Cabinet Office said.

Upward revisions to capital spending and inventories helped the world's third-largest economy avoid a technical recession, defined as two or more quarters of negative growth.

source by kyodonews
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