Posted by: youngragingbull | March 8, 2013

Japan revises Oct-Dec GDP figures, shows growth

Japan’s Cabinet Office on Friday revised the gross domestic product for October-December to show annualized growth of 0.2%, after the preliminary reading indicated a 0.4% contraction.

Compared to the July-September quarter, GDP was flat, an upward revision from the original reading of a 0.1% drop.

Meanwhile, a separate data release from the Finance Ministry showed Japan’s trade deficit widened in January to 1.479 trillion yen ($15.6 billion) from December’s ¥567.6 billion, as exports rose 6.7% from a year earlier, while imports rose 6.6%.

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