The Cabinet Office of Japan stated on Monday that the country's gross domestic product (GDP) noted a seasonally adjusted growth of 0.1 percent in the final quarter of 2023. This fell below the forecasted increase of 0.3 percent, and followed a 0.7 percent contraction experienced in the preceding three months.
On an annualized basis, the GDP increased by 0.4 percent, surpassing the expectation for a 0.4 percent contraction. This comes after a 2.9 percent slump in the prior three-month period.
In the same quarter, GDP capital expenditure rose by 2.0 percent, beating predictions for a 0.1 percent decrease due to a 0.4 percent dip in the 2023's third quarter.
External demand showed progress with an increase of 0.2 percent. However, private consumption modestly fell by 0.3 percent.
