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Japan’s GDP in the IV quarter grew 8 th consecutive quarter

The Japanese economy in October-December 2017 rose at the end of the eighth quarter in a row, which is the longest period of sustained growth of GDP since the late 80-ies.

According to preliminary data released by the Cabinet of Ministers of Japan on Wednesday, the GDP volume in the fourth quarter of last year has grown on 0,5% in annual expression.

However, the pace of recovery slowed down compared with 2.2% in the third quarter.

Experts interviewed by The Wall Street Journal, predicted the increase in Japanese GDP in October-December by 0.9% in annual terms.

The economy grew by 0.1% compared with the previous quarter while analysts expected a rise of 0.2%.

In the third quarter Japanese GDP increased by 0.6% in quarterly terms.

Despite the slowdown in growth at the end of last year, statistical data in General indicate that the policies pursued by Japanese Prime Minister Shinzo Abe, provides a stable economic recovery .

At the same time the longest continuous GDP growth in 28 years raises the question of how appropriate it is Hyper-easy monetary policy Japan’s Central Bank, economists say.

Consumer spending, which accounts for about 60% of Japan’s GDP in October-December rose 0.5% from the previous quarter, investment companies – 0.7%.

The volume of Japanese exports increased in the fourth quarter by 2.4% compared to the third quarter, imports – by 2.9%.

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