Economics
Japan’s Double-Digit Expansion Signals Resilience in Economy
- 4Q expansion suggests post-emergency growth could be stronger
- Exports, consumer spending, firms’ capex fuel expansion
This article is for subscribers only.
Japan’s economy clocked another quarter of double-digit growth and finished the pandemic year in better shape than initially expected, signaling potential for a more sure-footed recovery once a damaging state of emergency ends.
Gross domestic product grew an annualized 12.7% from the prior quarter in the three months through December, the Cabinet Office reported Monday. The result was better than 22 of 24 forecasts from surveyed economists and defied a winter surge of the coronavirus.