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March 8, 2021, 9:06 p.m. EST

Japan's economy grew less than estimated in Q4

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By Megumi Fujikawa

Japan's economy expanded slightly less than initially estimated in the October-December quarter due to weaker-than-expected domestic demand.

The world's third-largest economy after the U.S. and China grew 2.8% from the previous quarter, the government's revised data showed Tuesday. That compared with the 3% expansion in a preliminary estimate released in mid-February.

The revised data showed that capital expenditures rose 4.3% from the previous quarter, compared with an initial estimate of a 4.5% increase.

Economists say the country's gross domestic product will likely decline in the current January-March quarter due to the government's state of emergency.

Write to Megumi Fujikawa at megumi.fujikawa@wsj.com

Dow Jones Newswires

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