Japan’s Cabinet Office has revised the country’s GDP to growth of +1% in the third quarter, a big improvement on the -0.8% figure originally reported. The revision also means that the country is not in a technical recession as previously thought. The second quarter was also retrospectively upgraded from negative to positive territory. However, the revision was widely expected since last week’s corporate investment pointed to a much stronger level of activity that was bound to lift GDP and his much more aligned with our continued positive view on Japanese equities