Japan’s economy expanded in the last quarter of 2024 at a slower pace than reported in preliminary data, a result that may give the Bank of Japan added incentive to hold policy settings steady when authorities gather next week.
Gross domestic product grew at an annualized pace of 2.2% in the final three months of last year from the previous quarter, the Cabinet Office reported Tuesday. The result came in lower than the preliminary estimate of 2.8% as consumption came in weaker and inventories sank more than forecast. Economists had expected the revision to be largely unchanged.
The yen weakened to as much as ¥147.10 against the dollar following the release, after trading around ¥146.87 shortly before the figures came out.
With your current subscription plan you can comment on stories. However, before writing your first comment, please create a display name in the Profile section of your subscriber account page.