Japan's gross domestic product expanded a seasonally adjusted 0.7 percent on quarter in the fourth quarter of 2024, the Cabinet Office said in Monday's preliminary report.
That beat forecasts for an increase of 0.3 percent and was up from the upwardly revised 0.4 percent gain in the previous three months (originally 0.3 percent).
On an annualized basis, GDP was up 2.8 percent - again exceeding expectations for an increase of 2.0 percent and up from the upwardly revised 1.7 percent gain in the three months prior (originally 1.2 percent).
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.