Japan's economy expanded 0.5% in July-September, compared to 0.9% in April-June, but consumer spending before the sales tax hike next year should help Q4 performance - EPA Photo.
TOKYO: Japan's economy slowed less than expected in July-September and is expected to pick up pace in the current quarter as consumers spend now to beat a tax rise next year, but business investment came in sharply below market forecasts.
The 0.5% expansion in July-September compares with the median estimate for a 0.4% increase and followed 0.9% growth in April-June, data showed on Thursday.
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