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Japan's Economics Minister Akira Amari said on Tuesday that the latest final GDP data was a positive surprise for markets.
"The data was a positive surprise for markets. It's a welcome one for us too. Companies are starting to implement their capital expenditure plans," he said.
Japan's Cabinet Office released its final gross domestic product (GDP) data for Japan late Monday evening. Japan's GDP increased by 0.3% in the third quarter, beating expectations for a flat reading and up from the preliminary reading of a 0.2% decline, after a 0.3% fall in the second quarter.
On a yearly basis, Japan's economy climbed by 1.0% in the third quarter, exceeding expectations for a 0.1% gain and up from the preliminary reading of a 0.8% drop, after a 0.5% decrease in the second quarter. The second quarter's figure was revised up from a 0.7% fall.
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