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Japan Q4 GDP Rises 1.1% Q/Q

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Japan's gross domestic product expanded by 1.1 percent in the fourth quarter of 2009 compared to the previous three months, the Cabinet Office said in a preliminary report on Monday.

That was slightly better than analyst expectations for a 1.0 percent increase following the revised flat reading in the third quarter.

On an annualized basis, GDP jumped 4.6 percent, topping estimates for a 3.5 percent increase after the revised flat showing in the previous three months.

Nominal GDP was up 0.2 percent on quarter, below expectations for a 1.0 percent increase after the revised fall of -0.5 percent in the third quarter.

(Market News Provided by RTTNews)

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