The Japanese economy recorded a growth in gross domestic product of about 2.8% in the fourth quarter ending in December of last year, according to data released by the Japanese Prime Minister’s Office this morning, Monday, in the Asian session, better than expected, compared to a growth in the third quarter of the year by 1.7% revised to support the growth of the economy during the year 2024 by 0.1%, contrary to expectations that indicated a contraction in the Japanese economy.
Capital spending, which was the main driver of growth, led by private demand by 0.5% in the fourth quarter, while the increase in exports and the decline in imports helped improve net foreign trade.
21/02/2025
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