Japan's economy dodged a technical recession in the third quarter as business investment perked up, revised data showed Tuesday, easing pressure on the Bank of Japan to provide more stimulus next month.
Revised government data on Tuesday showed Japan's gross domestic product (GDP) in the third quarter rose at a 1 percent annualized rate, compared with a preliminary reading of a 0.8 percent contraction.
Business investment during the quarter climbed 0.6 percent in the third quarter, reversing the preliminary 1.3 percent quarterly drop.
The result compared with the median estimate of 0.1 percent growth in a Reuters poll of economists. A technical recession is usually defined as two consecutive quarters of economic contraction from the previous three months.