Japan’s quarterly growth disappoints ahead of sales tax hike

BBC News
February 17, 2014

Japan’s economy grew less than expected at the end of last year, countering forecasts it would see higher spending ahead of a sales tax increase in April.

Gross domestic product rose by 1% on an annualised basis in the three-month period to December, compared with market estimates for a 2.8% expansion.

This was due to weaker private consumption and capital spending, as well as lower export figures.

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