Japan’s economy grew 0.3 percent in the fourth quarter of last year from the previous one, below analysts’ expectations in Reuters poll for a 0.7 percent gain, data on Monday showed. While the data was weaker than expected it marked the fourth straight month of expansion as a pick-up in consumption and capital spending helped support the world’s third biggest economy. On an annualized basis, Japan’s economy grew 1 percent in the fourth quarter against expectations for a 2.8 percent rise.
Japanese markets appeared to shrug off the weaker-than-expected economic data in their stride, with the benchmark Nikkei-225 stock index opening 0.2 percent higher.
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