Monday 2 December 2013

Japan July-Sept. GDP growth seen to be revised down

Many private-sector think tanks expect Japan's gross domestic product growth for July-September will be revised down from the preliminary readings following the release of corporate activity data by the Ministry of Finance on Monday.
The average estimate among 12 think tanks on quarter-on-quarter real GDP growth for the second quarter of fiscal 2013 stands at 0.4 pct after seasonal adjustment, down from the preliminary reading of 0.5 pct growth announced by the Cabinet Office in mid-November.

Source: JijI Press

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