Japan’s Q3 GDP revised up to 0.8% annualized contraction

TOKYO – Japan’s economy shrank at an annualized 0.8 percent in the July-September quarter, slower than the initial estimate of a 1.2-percent contraction, revised government data showed on Thursday.

The revised figure for gross domestic product (GDP) released by the Cabinet Office compared with economists’ median forecast for a 1.1-percent decline in a Reuters poll.

On a quarter-on-quarter basis, GDP contracted 0.2 percent, compared with the initial reading for a contraction of 0.3 percent and a median forecast for the same extent of falls….

Keep on reading: Japan’s Q3 GDP revised up to 0.8% annualized contraction