TOKYO, Dec 8- Japan's economy just grew by $278 billion- about the size of South Africa's entire gross domestic product- thanks to an accounting change. Prime Minister Shinzo Abe vowed last September to raise nominal GDP by nearly a quarter to 600 trillion yen by 2020 to show voters he was focusing on reviving the economy ahead of an upper house election in July 2016.
Japan's economy grew at an annualized rate of 1.3 percent in the July-September quarter, revised down from a preliminary reading of 2.2 percent.
*Q3 GDP revised to annualized +1.3 pct vs prelim +2.2 pct. TOKYO, Dec 8- Japan's economy grew much slower than initially estimated in the third quarter, revised data showed, as capital expenditure dried up and companies ran down inventories- renewing concerns about Japan's growth prospects. "Capex and consumer spending are the twin engines of domestic demand, and...
*Q3 GDP revised to annualized +1.3 pct vs prelim +2.2 pct. *Capex -0.4 pct qtr/qtr vs prelim 0.0 pct. TOKYO, Dec 8- Japan's Cabinet Office slashed its economic growth reading for July-September on Thursday, revising down initial estimates of capital expenditure and inventories- renewing concerns about Japan's growth prospects.
Japan's GDP growth is not as important as higher company profit margins, says John Vail at Nikko AM Americas.
TOKYO, Dec 8- Japan's economy grew at an annualised rate of 1.3 percent in the July-September quarter, revised down from a preliminary reading of 2.2 percent annualised growth, Cabinet Office data showed on Thursday. The revised figure compares with the median estimate for a 2.4 percent annualised growth in a Reuters poll of economists. The figure translates...
Japan's Q3 GDP will be weak but people are looking forward to next year for the impact of a weaker yen, says Peter Boardman, MD at NWQ IM.
The Australian economy shrank for the first time in over five years last quarter.
SYDNEY, Dec 7- Australia's economy shrank for the first time in over five years last quarter as businesses, consumers and government all cut back on spending, an unexpected blow that will challenge policymakers' optimism for growth. The local dollar sank about half a cent after the Australian Bureau of Statistics reported gross domestic product fell 0.5...
A contraction in net export growth and a weaker labor market account for Australia's poor Q3 GDP, says Gareth Aird at Commonwealth Bank.
The ECB is close to the end of its projected QE end date, says William Adams at PNC.
John Browne at Euro Pacific Capital talks about euro zone GDP and the possibility of EU countries breaking away from the euro.
Weaker exports, retail sales and public demand will lead to a soft Q3 GDP in Australia, says HSBC's Paul Bloxham.
The RBA's commentary focused on recovering global commodity prices, but the domestic Q3 GDP print could be negative, says Nomura Australia's Andrew Ticehurst.
BEIJING, Dec 6- China's rising corporate leverage underscored the urgent need to accelerate market-oriented reforms, a U.S. Nathan Sheets, the Under Secretary of the Treasury for International Affairs, said that China's non-financial corporate sector debt- at about 145 percent of gross domestic product- is among the highest for major economies, citing data...
Steven Milch at Suncorp talks about his expectations for GDP figures in Australia and the Reserve Bank of Australia's meeting.
Donald Trump inherits this situation when he becomes president, but here are the statistics of President Obama's record, NBC News reports.
Gregory Daco, Oxford Economics, breaks down the latest results from the National Association for Business Economics.
Barings Chairman and CEO Tom Finke explains why he believes the U.S. will have the highest GDP growth in 2017, compared to the U.K., Germany and Japan.
In this week's Trader Poll, tell us which of these countries is expected to notch the highest GDP growth in 2017.