Japan’s Q3 Growth Revised Downward

Japan’s economy grew much slower than initially estimated in the third quarter of the year, figures have revealed, as business investment fell.

The Cabinet Office said the economy grew 1.3% in the three months to the end of September, compared to the same period a year ago.

However, that was sharply lower than the previous estimate of 2.2%.

The new data indicated that investment by companies in the quarter had been weaker than initially estimated.
Capital expenditure fell 0.4% in the quarter, as steel and real estate companies reduced investment.

However, consumer spending was revised up, while separate data showed improving sentiment in the services sector.

via BBC

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza