Economics
Japan’s Pre-Emergency Growth Could Point to Economic Resilience
- China-led exports, travel subsidies drove growth last quarter
- Faster expansion could signal stronger recovery after 1Q slump
This article is for subscribers only.
Japan’s economy is estimated to have finished the pandemic year of 2020 with growth reaching double digits, a show of resilience that suggests the country could emerge from a damaging state of emergency this quarter on a less-shaky footing.
The world’s third largest economy likely expanded at a 10.1% annualized pace in the three months through December, according to surveyed economists. That would fill most of the gaping hole of output lost last year during the pandemic. The Cabinet Office releases gross domestic product figures Monday.