Economic Buzz: Japan Q3 GDP growth revised to 0.3% QoQ

Japan's GDP expanded by 0.3% QoQ in Q3 2024, surpassing initial estimates. Business investment declined less than expected (-0.1% vs. -0.2%), and the drag from net trade softened (-0.2ppts vs. -0.4ppts). Exports rose by 1.1%, while imports increased by 1.8%. Private consumption grew 0.7%, buoyed by rising wages, but government spending was weak (0.1% vs. 0.5% flash estimate). This marks the second consecutive quarter of growth, following a revised 0.5% rise in Q2.

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