Economic Buzz: Japan GDP Expands 4.6% On Year In Q4

9 Mar 2022 , 09:27 AM

Japans gross domestic product expanded an annualized 4.6 percent on year in the fourth quarter of 2021, the Cabinet Office said on Wednesday following the downwardly revised 2.8 percent contraction in the previous three months. On a seasonally adjusted quarterly basis, GDP was up just 1.1 percent after shrinking 0.7 percent in the three months prior. Capital expenditure added 0.3 percent on quarter, after contracting 2.4 percent in Q3. External demand rose 0.2 percent on quarter, up from 0.1 percent in the third quarter.

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