Commercial and Residential Buildings at Dusk in the Minato District of Tokyo, Japan.
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Japan’s Economic Expaniation in the fourth Quarter Beat Analysts’ Expectations for Quarter-On-Quarter and Annualized Growth, Preliminary Government Data Showed Monday.
GDP Grew 0.7% Quarter on Quarter, More than the 0.3% Rise Expected by Economists Pollled By Reuters. It had expanded by a revised 0.4% in the Previous Quarter.
On Annualized Basis, GDP GREW 2.8%, Exceding The Reuters Estimate of 1%.
Japan’s Economy Grew 1.2% Year on Year in the fourth Quarter, Compared with the 0.6% Rise in the Third Quarter.
The Nikkei 225 Fell 0.29% after the data release, while the yen strengthened 0.2% to trade at 152.02 against the dollar. “
The GDP data on monday come against the backdrop of Japan’s Central Bank Raising Rates to 0.5%, Their Highhest Level Since October 2008, and offers it more Room to Stick Monetary Tightening.
Japan’s Household Spending in December Ince July 2024.
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(Tagstotranslate) Breaking News: Asia (T) Asia Economy (T) Nikkei 225 Index (T) Business News
