Japon GDP Growth Annualized

The Japanese economy expanded 0.4%, compared with a preliminary reading of a 0.4% fall and a downwardly revised 3.2% contraction in Q3. A strong turnaround of business spending supported the upturn amid a positive contribution from net trade as exports increased more than imports. At the same time, private consumption remained weak in the face of intense price pressure and languishing wage growth, while government spending fell after gaining in the prior period.