TOKYO : Japan's economy likely returned to growth in the last quarter of 2022 as the country reopened to tourists, offsetting weakening corporate activity and exports amid darkening global conditions, a Reuters poll showed.Signs of stronger momentum heading into 2023 could influence major companies and wo
TOKYO : Japan's economy likely returned to growth in the last quarter of 2022 as the country reopened to tourists, offsetting weakening corporate activity and exports amid darkening global conditions, a Reuters poll showed.
The world's third-largest economy likely grew at an annualised 2.0 per cent pace in October-December, following a 0.8 per cent contraction in July-September, according to the median forecast of 18 economists. Analysts expect 0.5 per cent growth in fourth-quarter private consumption, which accounts for more than half of Japan's gross domestic product , driving up overall output.
By contrast, corporate capital expenditure was expected to have contracted for the first time in three quarters, declining 0.2 per cent from July-September, the poll showed.
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