Japan’s Economy Surpasses Growth Estimate, Fueling BOJ Policy Hike Speculation
Japan’s economy grew faster than expected in the third quarter, with its gross domestic product expanding at an annualized rate of 1.2% from the previous quarter. The data exceeded a preliminary estimate of 0.9%, largely due to improved net exports, capital expenditures, and inventory levels. The stronger-than-expected growth supports the Bank of Japan’s view that … Read more