Japan's GDP Growth Exceeds Expectations in Q3

According to the latest release by Japan's Cabinet Office, the country's gross domestic product (GDP) experienced a 0.3% increase in the third quarter compared to the second quarter. This growth translates to a 1.2% yearly increase, surpassing market expectations.

Private consumption saw a notable rise of 0.7% compared to the previous quarter, while domestic demand also grew by 0.6%. These figures indicate a strengthening of the Japanese economy, driven by increased consumer spending and robust domestic demand.