Japan’s GDP grows worse than forecast in Q4

Japan’s GDP in the fourth quarter of 2021, according to a preliminary estimate, grew 5.4 percent year over year (if GDP had grown at the same rate for four consecutive quarters), government data show.

Iris Barker

Published on

February 15, 2022

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Japan’s GDP grows worse than forecast in Q4 © Daily Management Review

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Analysts polled by DailyFx expected growth of 5.8%.

By the previous quarter, Japan’s GDP had grown 1.3%. Analysts had forecast growth of 1.4%.

Compared to the fourth quarter of 2020, the figure was up 0.7%.

Personal consumption, which accounts for up to 60% of Japan’s GDP, increased by 1.4%.

Public investment fell 0.2% quarter-on-quarter in the reporting period, while private investment rose 0.1%. Exports in quarterly terms increased by 0.2%, while imports remained unchanged from the previous quarter.

source: dailyfx.com