Japan’s economy avoided a technical recession, revised government data showed on Monday, even though the upward change in the fourth quarter was weaker than expected and highlighted concerns about the sluggish economic recovery.
Japan’s revised gross domestic product (GDP) expanded at an annualised clip of 0.4% in the October-December period from the previous quarter, better than the initial estimate for a 0.4% contraction, according to the Cabinet Office.
On a quarter-on-quarter basis, GDP grew 0.1%, compared with the initial reading of a drop of 0.1.% drop and a median forecast for a 0.3% rise.
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