Japan's fourth-quarter GDP decline likely bigger than initial estimates on steeper capex fall: Reuters poll

Japan's fourth-quarter GDP decline likely bigger than initial estimates on steeper capex fall: Reuters poll

The Edge Markets - World·2020-03-06 15:24

TOKYO (Mar 6): Japan’s economy may have suffered a deeper contraction than initially thought in the December quarter on an expected downgrade to business spending figures, as the coronavirus outbreak fuelled fears of recession in the current quarter.

Any downward revision in final gross domestic product (GDP) due on Monday could dash hopes for a domestic-led recovery in the export-reliant economy, with the October’s sales tax hike hurting private consumption.

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Japan Economy

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