Japan’s economy grew faster than first thought in the three months to September. According to Japan’s Cabinet Office, real GDP grew by 0.6% in the third quarter, higher the preliminary estimate of 0.3% and above the 0.4% increase expected. Underlining just how large the quarterly beat was, it was above any individual economist forecast offered to Thomson Reuters. With quarterly GDP growth revised sharply higher, the seasonally adjusted annual rate (SAAR) jumped to 2.5%, the same level reported in the three months to June. That breezed past expectations for a slower increase of 1.5% and was a substantial upgrade on ... (full story)