JAPAN DATA: The Cabinet Office estimates that in the nine months to
September, Japan’s GDP was still 0.52% higher at $3.9674 trillion than
China’s total output at $3.9468 trillion. While noting that it is not
accurate to compare two economies mid-year, a Cabinet Office official
told reporters that in the July-September quarter alone, China’s GDP at
$1.4154 trillion was 3.1% higher than Japan’s $1.3719 trillion. These
estimates were based on the average interbank spot dollar/yen rate of
Y85.857 for Q3, Y92.013 for Q2 and Y90.653 for Q1, and the IMF data on
dollar/yuan of CNY6.770 for all of the periods.