Japan economy shrinks 6.3% annualised in Q4, biggest fall since 2014

TOKYO, Feb 17 (Reuters) - Japan's economy contracted at an annualised pace of 6.3% in October-December, shrinking at the fastest pace since the second quarter of 2014, government data showed on Monday.

The preliminary reading for fourth-quarter gross domestic product was much worse than economists' median estimate of a 3.7% contraction in a Reuters poll. It followed a revised 0.5% expansion in July-September.

On a quarter-on-quarter basis, GDP shrank 1.6%, more than the median forecast for a 0.9% fall, the Cabinet Office data showed.

Private consumption, which makes up more than half of the economy, fell 2.9% and capital spending fell 3.7%, while exports dropped 0.1%.

For the full tables, go to the Cabinet Office's website: https://www.esri.cao.go.jp/en/sna/sokuhou/sokuhou_top.html (Reporting by Leika Kihara and Daniel Leussink; Editing by Chris Gallagher)

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