Japanese economy is growing stronger than expected

The Japanese economy grew faster in the fourth quarter than anticipated with an earlier estimate. This was partly due to stronger business investments, according to government data on Friday.

The gross domestic product grew by 1.9 percent year-on-year in the three months up to and including December. With an earlier estimate, there was a growth of 1.4 percent and economists averaged an expansion of 1.7 percent.

Experts point out that up-to-date data on industry and exports paint a bleak picture for 2019. This is partly due to the Chinese-American trade dispute that also affects Japan, which has its main market in China. A more difficult market for technology companies is also having an effect.

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