Japan exits recession as GDP grows 5.0% in Q3

  by Shingo ITO Agence France Presse TOKYO, Japan (AFP) — Japan’s economy exited recession in the third quarter, growing a better-than-expected 5.0 percent, 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. The positive figures come after three quarters of contraction in the […]

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