Japan Oct.-Dec. GDP Growth Revised Up to 1.3 Pct at Annual Rate

Tokyo, March 10 (Jiji Press)–Japan’s seasonally adjusted gross domestic product in October-December last year rose 0.3 pct from the previous quarter in price-adjusted real terms, posting annualized growth of 1.3 pct, the Cabinet Office said in a revised report Tuesday. The results for the third quarter of fiscal 2025 were stronger than the respective preliminary figures of 0.1 pct and 0.2 pct growth announced last month, thanks in part to an upward revision for corporate capital spending. The country marked the first GDP growth in two quarters. With the inclusion of the results of the Finance Ministry’s October-December corporate survey released earlier this month, the quarter-on-quarter growth of capital spending was revised up to 1.3 pct from 0.2 pct. Private consumption, making up more than half of the GDP, went up 0.3 pct, better than the preliminary reading of 0.1 pct growth, supported by stronger-than-expected sales of games and toys. Meanwhile, the contribution of private inventory changes came to minus 0.3 pct, compared with minus 0.2 pct, as stocks of products in process were reduced. Government consumption rose 0.4 pct, stronger than the 0.1 pct increase in the preliminary report. The drop in public investment narrowed to 0.5 pct from 1.3 pct. Both exports and imports fell 0.3 pct, unchanged from the preliminary data. END [Copyright The Jiji Press, Ltd.]