Third quarter national accounts data proved to be less upbeat than in the previous two quarters. In the third quarter, GDP rose 1.9% over the previous quarter in seasonally adjusted annualized terms (SAAR), which marks a deceleration over the 3.8% increase recorded in the previous quarter. The print, however, represents the fourth consecutive expansion in the country’s output and slightly overshot the 1.7% rise that market analysts had expected. On an annual basis, economic activity increased 2.7% in the third quarter (Q2: +1.1% year-on-year).
Read more about Japanese GDP.