Japan 3Q GDP May get Revised Down In 2nd Report

0221 GMT [Dow Jones] Japan 3Q GDP "figures were surprisingly strong although I'm bit cautious whether the result reflects the reality of the Japanese economy, especially" on inventories figure, says Barclays Capital chief Japan economist Kyohei Morita. Says inventories figures in preliminary data often inaccurate, usually get revised in final reading. "If I consider the broader state of the economy, I don't think firms has increased inventories by this much. Inventories will be revised down in the revised report, leading to a slower revised GDP growth in the July-September quarter." Adds some of government incentive programs to buy durable goods may end, meaning "Japan's consumer spending will slow down." Thinks it's inevitable Japan's GDP growth will slow down January-March, April-June next year.  Adds much stronger than expected capex positive thing, but "need to monitor if the momentum to last in the coming quarters."(TMO)

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