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Japan Q3 GDP growth revised to 2.5%

The Japanese economy grew 2.5% on an annualized basis in the third quarter, up from a preliminary estimate of 1.4%, and following a revised 2.6% annualized growth in April-June, data from the Cabinet Office showed.

On a quarter-over-quarter basis, gross domestic product rose 0.6%, up from a preliminary reading of 0.3%, and the same pace of growth as in the second quarter.

Private consumption slipped 0.5%, unchanged from the government's preliminary estimate.

Private residential investment was down 1.0%, while private non-residential investment grew 1.1%.