Japan’s economy grew 0.3 percent in the third quarter from the previous one, revised down from a preliminary estimate of 0.5 percent, data on Monday showed.
On an annualized basis, Japan’s economy grew 1.1 percent, down from an initial reading of 1.9 percent. The data highlights that the recovery in the world’s third largest economy is not yet on solid ground.
Still, analysts said they were not too concerned about the outlook.
This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.
Mingze Wu
centers on forex and macro-economic trends impacting the Asia Pacific region.
Latest posts by Mingze Wu (see all)
- European Bourses Not Enjoying Bullish Winds From US Stocks - 17 April 2014
- More Aggressive Stimulus Possible Despite Premier Li’s Denial - 17 April 2014
- China March FDI -1.5% Y/Y vs +2.05% expected. First decline in more than a year. - 16 April 2014