TOKYO (AP) — Japan’s economy grew at an annual pace of 1.9% in October-December, according to revised data from the Cabinet Office that showed stronger investment than earlier reported.
The seasonally adjusted figure released Friday was an improvement over an earlier estimate for 1.4% growth in the final quarter of 2018.
It also showed a rebound from a 2.4% contraction in the previous quarter for the world’s third-largest economy as storms and earthquakes crimped travel and spending.
On a quarterly basis, Japan’s economy grew 0.5 percent in October-December.
Economists say slowing growth in China and weakening demand elsewhere are raising risks for a downturn in the coming months.
The latest data show lower government spending also is hurting growth.
But domestic demand was lifted by a 2.7% annual increase in corporate investments. Revised inventory data also raised growth, said Stefan Angrick of Oxford Economics.
Growth in incomes, a key factor behind consumer demand, remained flat.