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Japan Q3 GDP May Fall on Capex, Consumption
Japan's gross domestic product for July-September may fall 0.2% from the second quarter, or an annualized rate of -0.9%, due to weak capital investment and consumption, according to nine economists surveyed by MNI. Their projections ranged from -0.2% to -0.5% quarterly, or annualized rates of -0.7% to -2.1%. The Cabinet Office will release preliminary GDP data for Q3 at 0850 JST on Nov. 14 (2350 GMT on Nov. 13). The expected contraction follows a gain of 0.7% in Q2, or an annualized rate of 3.0%. The economists expect Q3 capital investment to be flat following +3.1% in Q2, with forecasts ranging from -1.1% to +1.1%, ... (full story)