Japan’s Q4 GDP to revise up, wholesale price gains cloud outlook

With Covid curbs hammering consumption and the Ukraine crisis clouding the outlook, many analysts expect Japan’s economic growth to slow or even contract in the current quarter.

TOKYO: Japan’s economy expanded more than initially expected in the final quarter of 2021, but rising input prices likely kept wholesale inflation near a record in February in a sign of rising risks to the fragile recovery, according to a Reuters poll.

Revised gross domestic product (GDP) data will likely show the world’s third-largest economy increased at an annualised 5.6% in October to December of last year, slightly higher than a preliminary reading of 5.4% growth, according to the poll of 17 economists.