Japan revises Q3 GDP higher, keeps alive BOJ rate-hike expectations

From channelnewsasia.com

Japan's economy expanded in July-September at a faster pace than initially reported thanks to upward revisions in capital investment and exports, keeping alive market expectations for a near-term interest rate hike by the central bank. But a downward revision on consumption underscores the fragile nature of the economic recovery, and leaves uncertainty on how soon the central bank could raise interest rates again, with a December hike not guaranteed either, some analysts say. The data will be among factors the BOJ will scrutinise at its next policy meeting on Dec. 18-19, when some analysts expect a hike in short-term ... (full story)