Japan reports economy grew 2.5 pct year-on-year in July-Sept
08/12/2017 9:53AM

        Japan's economy grew at a 2.5 percent annual pace in July-September, faster than the earlier estimate of 1.4 percent growth, the government reported.
        
        The revision issued reflects higher than expected business investment and rising inventories. In quarterly terms the world's third-largest economy expanded at a 0.6 percent pace, twice the original estimate.
        
        Private demand rose 0.3 percent from the previous quarter; the earlier estimate had it flat.
        
        A revival in demand across the region and in other major markets has helped breathe new life into Japan's recovery, however, the estimate for the impact of net exports was unchanged in this latest report, at 0.6 percent.
        
        The economy is in its longest expansion in years, with unemployment below 3 percent, but growth remains meager and inflation is still well below the 2 percent official target.