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Japan Q4 GDP Seen Rising on Capex, Spending
Japan's economy is expected to post the first growth in two quarters in the October-December period, thanks to higher capital investment and private consumption, private economists forecast. The median forecast by eight economists for preliminary Q4 GDP is for a 0.3% rise on quarter, or an annualized +1.2%, compared with second preliminary estimate of -0.6% q/q, or an annualized -2.5% for the third quarter. Forecasts ranged from +0.1% to +0.5% q/q, or +0.3% to +2.0% at an annualized pace. The Cabinet Office will release preliminary GDP data for the October-December quarter at 0850 JST on Thursday, Feb. 14 (2350 GMT ... (full story)