The Japanese economy grew at an annual rate of 1.0 per cent in the October-December period, little changed from a growth rate of 1.1 per cent in the prior quarter, the government reported on Monday.
The reading on GDP was far below growth of 2.6 per cent predicted by a poll of economists by the Kyodo News Agency .
Consumer spending – which accounts for about 60 per cent of gross domestic product (GDP) – edged up 0.5 per cent quarter-on-quarter.
Corporate investment rose 1.3 per cent in the period, compared with a 0.2-per-cent rise in the previous quarter, the Cabinet Office said.
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.