China News Service, Tokyo, December 8 (Reporter Lu Shaowei) The Cabinet Office of Japan announced on the 8th the revised data of Japan’s third quarter (July to September) gross domestic product (GDP), which increased by 5.3% month-on-month and calculated at an annual rate. It was 22.9%, the largest increase since comparable data.

  The quarter-on-quarter GDP growth rate of the third quarter before the revision was 5.0%, and the annual rate growth rate was 21.4%. These data have been revised upward this time.

  In this revision, there have been changes in the data of several statistical items. Among them, personal consumption, which accounts for more than half of Japan's GDP, has increased from 4.7% to 5.1% from the previous quarter, and residential investment has changed from a quarter-on-quarter decrease of 7.9% to a decrease of 5.8%. , Equipment investment decreased from 3.4% month-on-month to 2.4% decrease, and public investment increased from 0.4% month-on-month to 0.5%.

  After the revision, the contribution of domestic demand to economic growth in the current quarter has changed from 2.1 percentage points to 2.6 percentage points, and the contribution of external demand has changed from 2.9 percentage points to 2.7 percentage points.

  Japan’s Minister of Economic Regeneration, Yasumi Nishimura, said at a press conference on the 8th that the data for some of the projects has been revised upwards, but the continued decline in equipment investment has not changed. The spread of the epidemic may also have a negative impact on personal consumption and equipment investment.

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