Japan Oct.-Dec. economic growth revised up to annualized real 0.4 pct | ABS-CBN

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Japan Oct.-Dec. economic growth revised up to annualized real 0.4 pct

Japan Oct.-Dec. economic growth revised up to annualized real 0.4 pct

Kyodo News

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Crowds are unfazed by the rain at the Shibuya scramble crossing in Tokyo, Japan on June 22, 2023. Art Fuentes, ABS-CBN NewsTOKYO -- Japan's economy expanded an annualized real 0.4 percent in the October-December quarter, the Cabinet Office said Monday, revising upward its earlier reading of a 0.4 percent decline.

The latest data confirmed that the economy escaped a recession at the end of 2023. In nominal terms, Japan lost its status as the world's No. 3 economy to Germany, more than a decade after it fell to third place after China.

Real gross domestic product, adjusted for inflation, grew 0.1 percent from the previous quarter, against an earlier reading of a 0.1 percent decline.

Real gross domestic product, adjusted for inflation, grew 0.1 percent from the previous quarter, against an earlier reading of a 0.1 percent decline.

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