URGENT: Japan's Oct.-Dec. GDP grows annualized real 12.7%

Politics Economy Society

Japan's economy in the October-December period grew an annualized real 12.7 percent from the previous quarter, continuing to recover from a coronavirus pandemic-induced slump, government data showed Monday. The expansion in real gross domestic product, the total value of goods and services produced in the country adjusted for inflation, corresponds to a 3.0 percent increase on a seasonally-adjusted quarterly basis, according to the preliminary data released by the Cabinet Office. In 2020, the Japanese economy shrank 4.8 percent in real terms, logging the first contraction since a 5.7 percent d...

Kyodo News

Kyodo News Society