TOKYO (Reuters) – Japan’s economy rose at an annualized rate of 1.4 percent in October-December, government data showed on Thursday, as consumer spending and capital expenditure rebounded from natural disasters that disrupted corporate activity.
The preliminary reading for fourth-quarter gross domestic product matched the median estimate in a Reuters poll of economists. It followed a downwardly revised 2.6 percent annualized contraction in July-September.
On a quarter-on-quarter basis, GDP rose 0.3 percent, slightly less than the median estimate for 0.4 percent quarter-on-quarter increase.
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