Commercial and residential buildings at dusk in Minato County in Tokyo, Japan.
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Japan’s economic expansion in the fourth quarter won the expectations of analysts for quarter and annual growth, the Government’s preliminary data showed on Monday.
GDP rose by 0.7% in the quarter, More than 0.3% of the rise expected by economists surveyed by Reuters. Spread over the revised 0.4% in the previous quarter.
On an annual basis, GDP increased by 2.8%, which exceeded Reuters’ estimation of 1%.
GDP data Monday come to Japanese central bank background, increasing rates at 0.5%, their highest level since October 2008, and offer more space to hold on monetary tightening.
Japanese household consumption in December also supported the case for the pesting of monetary monetary, increasing 2.7% in the year in real terms, massively beating the expectations of economists that Reuters surveyed and marking his first increase of July 2024.
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