Economics
Japan Avoids Recession as Shoppers Shrug Off Virus Emergency
- Consumer activity that fed growth also fueled infection surge
- Outlook depends on vaccines, shoppers’ response to latest wave
This article is for subscribers only.
Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast.
Japan skirted a recession last quarter as a rebound in consumer spending defied virus restrictions, with the increased activity also fueling the spread of Covid-19.