Japan’s economy rebounded to grow 1.3 percent quarter-on-quarter in the three months to December, driven by higher demand after emergency virus restrictions were lifted, data showed Tuesday.
The third-quarter growth for the world’s third-largest economy was slightly lower than market expectations of 1.5 percent, and followed a revised 0.7 percent contraction in the previous quarter.
Data released by Japan’s cabinet office also showed the economy grew 1.7 percent in real terms in 2021, the first annual expansion for the economy in three years.
After a spike in virus cases in the summer of 2021.—AFP