Japan revises growth up but recovery wanes

- Central Banking staff
- 10 Dec 2002

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The Japanese government on Monday marginally revised third-quarter gross domestic product upwards, but a deluge of weak economic indicators released concurrently added to the mounting evidence that Japan's shallow recovery has started to wane.

The government upwardly revised GDP figures for the July-September quarter, to 0.8 per cent from an earlier 0.7 per cent, marking the country's third consecutive quarter of growth.

But core private sector machinery orders fell 4.1 per cent in October from

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