Japan GDP grew 5% in Q3, ending recession

Japan GDP grew 5% in Q3, ending recession

Asia Times - World·2020-11-16 12:00

Japan’s economy exited recession in the third quarter, growing a better-than-expected 5.0%, government data showed Monday, following a record contraction.

A rise in domestic demand as well as exports helped drive the quarter-on-quarter growth, after the coronavirus pandemic and a consumption tax hike slammed the economy into reverse earlier in the year.

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Japan Economy News International

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