Japan’s GDP expands in Q2 after Covid curbs lifted

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Japan’s economy expanded in the three months to June, official data showed Monday, after the government lifted Covid-19 curbs on businesses.

The world’s third-largest economy grew 0.5 percent quarter-on-quarter due to stronger consumption and capital investment.

While the country never imposed strict stay-at-home orders during the pandemic, the government in March lifted virus restrictions primarily targeting business opening hours. Inbound tourism remains limited to group tours, however, and the economy is facing headwinds — from the energy price crisis to fears of a global recession fuelled by biting inflation.—APP

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