TOKYO Japan’s economy grew at an annual pace of 5.4 percent in October-December, boosted by improved consumer spending and exports, the government said Tuesday. On a quarterly basis, Japan’s real gross domestic product, or GDP, which measures the value of a nation’s products and services, grew 1.3 percent in the last…
Japan’s economy grew at an annual pace of 5.4 percent last quarter, boosted by improved consumer spending and exports, the government said yesterday.
On a quarterly basis, Japan’s real GDP, which measures the value of a nation’s products and services, grew 1.3 percent in the final three months of last year, Cabinet Office data showed.
Growth got a boost after measures to curb the spread of COVID-19 were lifted last year.
The restrictions asked restaurants and bars to close early and large-scale events to be canceled or held with limited crowds.
The latter part of last year had seen people starting to travel again,
Japan s GDP rebounded before Omicron wave hit kuwaittimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from kuwaittimes.com Daily Mail and Mail on Sunday newspapers.
Japan's economy rebounded in the last part of 2021, as virus cases slowed and restrictions were eased, spurring demand before the Omicron wave hit the country, data showed on February 15. The world’s third-largest economy grew 1.3 per cent in the three months to December, rebounding from a revised contraction of 0.7 per cent in the previous three months, as virus cases surged.