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Japan GDP Expands 0.3% In Q4

japantrade 042110

Japan's gross domestic product added 0.3 percent on quarter in the fourth quarter of 2013, the Cabinet Office said in Monday's preliminary reading - expanding for the fourth straight quarter.

The headline figure missed forecasts for an increase of 0.7 percent following the 0.3 percent gain in the third quarter.

On an annualized basis, GDP expanded 1.0 percent - also shy of expectations for a gain of 2.8 percent following the 1.1 percent spike in the previous three months.

Exports were up just 0.4 percent, while imports climbed 3.5 percent.

Nominal GDP added 0.4 percent, missing forecasts for a gain of 0.8 percent after rising a downwardly revised 0.2 percent in the three months prior (originally 0.3 percent).

Capital expenditure climbed 1.3 percent, expanding for the third straight quarter. But it missed forecasts for an increase of 1.8 percent after adding just 0.2 percent in Q3.

The GDP deflator was down 0.4 percent on year - unchanged from the third quarter but shy of expectations for a decline of 0.2 percent.

Consumer spending gained 0.5 percent on quarter - also missing forecasts for 0.8 percent after rising 0.2 percent in the three months prior.

Private consumption was up 0.5 percent, rising for the fifth consecutive quarter.

For all of 2013, the Japanese economy expanded 1.6 percent on year.

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